On a lousy earnings report, revenue miss, 57% profit decline year over year, lousy guidance, a contracting economy ... Gotta love those HFT computers down on Fraud Street eh? lol This kind of crappola is hilarious.
I do not know how you call this a lousy earnings report. Earnings up over 10% in what anyone would call a less than great economy to go CAT!!!!!!
profit decline includes one time writedown!
Looks like the shorting opportunity of a life time! Looking for a good short position here this week!
Sentiment: Strong Sell
Must like that $2B inventory reduction indicating strong product demand.