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Caterpillar Inc. Message Board

  • toothtoothtooth toothtoothtooth Mar 21, 2013 1:46 PM Flag

    The best advice ever on the CAT board 3/21/12 to 3/21/13, hows it doing 1 year in?

    To all you richoncat followers. We are now down $22+ since his famous 3/21/12 speech about buying CAT at $109 for a quick 15% gain. He has been badgering this board for years with terrible advice and really, telling me I know nothing, Im negative, I dont know what im doing. I was negative then, and im negative now. Whos doing better?

    Heres rich's advice 1 year ago today:
    "This is shaping up to be a perfect buying opportunity for a short term trade. Cat's off almost $8 (7%) from the recent high of $116.95. RSI is below 50 and current price is only a couple bucks above the lower Bolinger band. We're approaching Q1 earning season and we can expect another blowout quarter. I suspect we'll see record revenues and profits again and the stock will run up to new highs prior to the conference call on April 25th.

    This could be an opportunity for a 15+% gain in 6 weeks or so. My advice, if you're not already long take advantage of this trade now"
    You know he loves to hate people who disagree with him, and ive been notoriously negative for well over a year.....and heres my most recent take on CAT (3/8/2013):

    "Only 2 weeks away!From Riches famous buy at $109 speech. Nothing but down since.
    Anyone care to guess where CAT will be on 3/21/13? Ill say 87."

    I guess when what Rich means by negative, moron, idiot, chicken little is......exactly on the money. Apparently he has trouble showing his true feelings about being horribly clueless to how todays stock market works, and loves to pass blame on those who do. good day.

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    • I want the last 2 min of my life back, please.

    • Does that really make you feel better? I hope so because it provides no other useful purpose. Yes I should have known better than to try to make a short term call. Might as well go bet red at the casino, equal chance of being right. It was set up for a good move in my opinion and then Europe blew up. I guess you saw that coming too. Oh well, keep it up and you'll alienate even more folks on the board. Most folks have found the IGNORE button on this new format. That's OK with me; we all need some comic relief sometimes. So is there some special party for the anniversary of wrong predictions? Hopefully you’ve got a couple bucks so you can by a beer to celebrate. Are you also going to post your wrong prediction about going to $28 through $60? Seems you were way off as well. At least I backed off my position once Europe fell apart. I guess you're still clinging on to your doom and gloom call. I'm guessing your not going to get the investor of the year award for your exceptional knowledge of the markets.

      Sentiment: Hold

      • 1 Reply to richoncat
      • You can call me out on my $28 and $60 anytime. Ill just reference the $160 and $240. Clearly you are joking about $240 right? LOL. if you couldnt tell, mine are sarcasm. Do you really think i have a buy order in for $28? seriously. You should know by now i would never touch this stock again. Its dogSht.

        I and the few others who call you out arent here to gloat (except today possibly). We are here to keep check on whos honest and whos not. You can say whatever you want about my attitude or predictions, but they have been far more accurate than yours. Of course if all you do is go long ALL THE TIME, then you are going to be right in the long run if you believe the 1950-2000 model is still viable. I dont, but some people probably still do. good luck. Im sure we can borrow another $50 trillion in the next 50 years and prop up our net worths with no recourse. LOL.

    • URLS:


      Rich from 3/21/2012:

105.04-3.34(-3.08%)Jul 24 4:02 PMEDT

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