PCAR Earnings Tomorrow

PCAR has a tendency to gap up and then sell off on earnings then whipsaw back up. Something to watch out for if the numbers are good tomorrow.

Obviously gonna tank if they don't beat, it's basically at ATH.

Anyways, earnings tomorrow. No position yet since it tends to whipsaw on earnings . Wish I had played the pre-earnings pump though.

Trade active:

Broke out and didn't even fill the gap when it usually goes red.

Snagged a few hundred shares in my 401k an hour after open, thought it might have been a FOMO trade so I didn't even post it lol. Gonna hold until Fri or maybe the Fed meeting depending on how ES1! indicators look.

Putting beer money in my 401k, lol.

Comment:

Really disappointed it didn't go red as usual, that would have been a killer trade. I've made money on past earnings because it usually does go red on good earnings especially when the market goes red like it did this morning.

Oh well.

Comment:

Note, target hit, closed out half and closing out the other half if it gaps up tomorrow

Comment:

Wow, turns out this is the second biggest mover on my board today next to BBBY which is total garbage.

Trade closed manually:

Closed this trade out last week like I said I would, mentioned it in the updated post.

Wasn't perfect timing but made decent money on a FOMO trade, lol.