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Caterpillar Inc. Message Board

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  • freenextel freenextel Mar 2, 2009 4:30 PM Flag

    FOREVER DROPPING?

    Good advice but I see CAT stabiliing here with very little to go down from here. A lot of fear selling. Best investment here is the options on the call side.. I like the April calls at 24.00@ 1.48... of course all jmho

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    • Well, I'll be watching for it get some traction and it very well could at these levels, however I do think the SPX and DJI are moving lower and may cause CAT to drop to the $17.50 area.

      I hope not as I would like to re-enter as I sold out today after averaging down from $29 - at some point you have to scream "mercy", especially when in multiple losing positions.

      Time to keep the powder dry and wait it out.

      I truly wish everyone luck in this market, mine has just run out for the time being.

      Take Care

 
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