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Caterpillar Inc. Message Board

  • marcmilam marcmilam Apr 9, 2012 3:55 PM Flag

    I went long at 103.81 today...remember ME?

    Im' the one that bought puts against cat around when joy global had that bad earnings that was supposed to push cat over the top.

    I heard on this board wait till $100 a share, but when I looked at my charts I liked what I saw in Cat/

    no hard landing in china, no soft landing, china/asia is taking off again...and people will notice soooooooon. glta

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    • and looks like I got my china play a day early

    • Ben,

      Looks like you will get your $100.

    • Wish I hadn't said that now. As soon as I posted my "$103 bottom" comment, the stock fell to $102.16.

      Well, at least I said "$103 range". LOL!

      Let's see where it closes today.

      L2L

    • your logic is good. I would just add one thing....when you get to a support level...wait until the direction changes the way you are investing (up/down) with conviction. vol is running 30, 40, 50% lower than avg on up days...thats a good tell we arent going up on anything meaningful. If you get 4-5 days where supports bounce and go the direction you want with some volume behind it...its a good sign. Good luck

    • Well, I added at $103 yesterday. My logic was that the 100 SMA ($103.39) would act as support at these levels. Plus, the stock is overbought according to Stochastics, CCI and MACD and near overbought according to RSI. Finally, I'm looking for some kind of runup as we approach the earnings date the end of next week.

      I may be wrong, But I'm thinking we've seen the bottom in the $103 range.

      L2L

    • lol you see dr doom DID work out for me. Now I'm on your side so try in take it easy on me. I read a very very very bullish article yesterday bfore buying in and it pushed me over the top. I hope you are right about it not getting there (100) but if it does, I will add. thanx

    • Ok your doctor doom is not going to work out for you and now the market will look forward to earnings now and not the bull chit, I wanted 100 but we are not going to get there, so I have to live with it. Up from here I guess, so I will take my 400 shares I have left at 82 and go with it.

    • ok so you didnt get anything out of that, its cool.

      I would expect a bounce tomorrow on the indexes. Shorts covering and low volumes if we do indeed go up.

      Only news we are waiting for is AA to tell us their stock will be under $5 by 2013...lol.

    • on Wed I don't know how much it will affect CAT but TITN Titan Machinery will release earnings. look what they did on this big down day...+6.52% it'll give us a glimpse into how busy they are renting and leasing heavy machinery. It's booming out there.

    • lol not sure what all that means but I wish you luck. If it should happen to fall more I will add to my position. Really nothing has changed from a few weeks ago but maket sentiment. I figure some profit taking, but I don't believe correction. I know the market doesn't go up forever, and I just trade swings. some times I get it right, some times I don't. I also use the global dow as an indicator...there is a nice chart on the home page of Market Watch. It, was in the same spot not long ago....lots and lots of selling has gone on across the globe to get it to where ist's at right now. They are saying s$p 1370 then 1340 etc. Cat is a long way from the highs when the s&p hit those multi year highs...and cat was down from its 114-115 quite a bit last week when the markets hit those multiyear highs again a week ago. So the way I see it...CAT has already got there..plus earnings for cat coming soon and on wednesday there is an earnings release related to cat

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CAT
100.75-2.63(-2.54%)Jul 31 4:00 PMEDT

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