PCAR reported their financial results for the most recent quarter on Friday. Results looked pretty good mostly due to taking cost out of operations. The stock was up strong early but got weaker into the close of trading. I read their CC transcript today and I didn't come away from it particularly reassured that they have much visibilty as to when they expect demand for trucks to improve. They did mention the new emission standards for deisel engines adding to the cost of new trucks and I'm thinking that will be a possitive for WPRT. Again, a punk economy and a weak truck market are the main factors working against WPRT right now. I've posted a link to the PCAR CC so folks can form their own opinion. Good luck guys.
The technical trend lines are very obvious here, near term top is $15 and bottom is $12. The people who just paid $12.50+ for 5 million shares aren't going to be real eager to sell at a loss with the ports deal for 500 trucks pending any day. It's a buying opportunity anywhere south of $13
$12, eh. Gettin' close. Good luck to you as well. If it gets there by tomorrow maybe I'll dip my toe. Right or wrong, I watch a lot short term technical indicators when looking for a good entry. Would like to see some sort of selling climax with a rebound in WPRT before I really commit. Just looks like it's walking downstairs right now.