hungry_hippo

PCAR Update

NASDAQ:PCAR   PACCAR Inc.
Big gap and big drop, has not rebounded with teh market yet.

Bought calls and stock because this usually fills gaps
Comment:
Talk about nailing a bottom...

As for targets, each gap fill is a target. The first one may fill as early as tomorrow if teh market gaps up.
Trade closed manually:
Decided I don;t want to hold this overnight, bailed wih a small profit
Comment:
LOL, feel like a dipshit for bailing, it already filled the gap
Comment:
Looks to me like it wants to fill the gap up now.
Comment:
One year Fed rate is 3.66% right now, which is about where PCAR dividend is depending on the annual bonus dividend (probably around $2 this year).

Based on $2 special dividend, PCAR pricing is $92. Probably gonna stick to this as a gap play, not long term holding
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