It broke out on earnings but it's also almost overbought. I think it goes overbought this week and dips on the Fed meeting next week.
If you're not in already, I'd wait to play that dip.
If you're not in already, I'd wait to play that dip.
تعليق:
Remember that idiotic company that idiotic company that downgraded PCAR 2 weeks ago? I bet they shorted PCAR because it looks like a short squeeze on higher than average volume now.
Wolfe Research is retarded, lol.
BTW, this is bigger than normal earnings movement for PCAR, I don't recommend chasing it. Gonna prob cash out tomorrow if it hits $110. Holding only because I think it's hiaraious and I have some cushion.
Wolfe Research is retarded, lol.
BTW, this is bigger than normal earnings movement for PCAR, I don't recommend chasing it. Gonna prob cash out tomorrow if it hits $110. Holding only because I think it's hiaraious and I have some cushion.
تعليق:
There's 5M shares shorted as of Dec 30, I'm guessing more than that because 2 companies downgraded PCAR earlier this month. I think the short squeeze goes into tomorrow morning if the market gaps up.
I don't recommend holding when the Fed meeting comes up next week though.
I don't recommend holding when the Fed meeting comes up next week though.
تم فتح الصفقة:
Closed out half my position to lock in profits, prob cash out the rest if it gaps up tomorrow.
Turned out to be a nice day trade, even though I thought it was a FOMO trade, lol.
Turned out to be a nice day trade, even though I thought it was a FOMO trade, lol.
تعليق:
Hung up at my $110 target, only holding half because I think the market gaps up and I don't want to open any new positions, lol.
I think there are better gap plays for tomorrow though.
I think there are better gap plays for tomorrow though.
تعليق:
Wolfe research taking it doggy style, this is the biggest single day move ever for this stock.
Like I said, short squeeze, volume says it all. This is not normal movement for PCAR.
Like I said, short squeeze, volume says it all. This is not normal movement for PCAR.
تم إغلاق الصفقة يدويًا:
I'm out on the gap fill.
Already past my $110 target and made over $3k, good enough
Already past my $110 target and made over $3k, good enough
تعليق:
One of the things I look at for short squeezes is trading volume. 5M shares shorted and the volume yesterday was 5M above average, means most shorts covered yesterday.
I think PCAR goes sideways for a few days, so at this point I'm not inclined to go long until after the Fed meeting
I think PCAR goes sideways for a few days, so at this point I'm not inclined to go long until after the Fed meeting
تعليق:
Market looks bullish for tomorrow, but I don;t think PCAR is gonna move much, it went up $13 in 3 days, not going back into it until I see a dip, which will probably happen next week.
تعليق:
Appears the short squeeze is over now, unfortunately this isn't a widely tracked stock so it can go down fast when people lose interest
That weird rejection and pop was a breakout on the non-adjusted chart. i plotted the dividend adjusted chart. Appears traders are split on which chart to use, lol.