Description
⋅ 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