hungry_hippo

PCAR Update

BATS:PCAR   PACCAR Inc.
Low volume pump today, went up $1.80 on 400k volume. Last time it posted a similar chart pattern it double gapped down, and I had to add big to break even.

Gonna wait until Thu to see where this one goes.

Not chasing the market today.
Comment:
I might buy some at $81 if it drops that far. We'll see, but hat's my target from eyeballing this.
Comment:
Went down with small caps, but not rallying with them today because PCAR has very low short interest, hence no short squeeze. This is looking like a dead play.

Not worth shorting because it always fills down gaps.
Comment:
EARNINGS TUES AM

Not sure if I'm gonna play it or not, they'll more than likely beat estimates the question is guidance.
Comment:
Decided to play earnings, bought when it bounced off intraday support. Will add if it tanks this afternoon.

It usually gets a pump Fri and Mon before earnings.
Trade closed: stop reached:
Hit my trailing stop. I'll look at this Monday
Trade active:
Went long again today for earnings
Comment:
BTW, I'm convinced it's the Euros selling because the market rebounded when their markets closed. I warned everyone about the Euros selling off last week.

FDAX looks like it's gonna bounce Mon and maybe Tuesday, but still bearish on Europe and small caps.
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