...I guess. Where is the bottom?
I fear another hammering...
I wouldn't worry much. CAT will eventually buy CYD. Talks started some time ago and they resulted in the joint venture.With book value above $ 23 downside risk is almost non existant.
I agree about the CAT buy dream! It will not happen. I disagree with the flat stock price idea, you never know what those MM can do given stock is traded so thinly. It does not take much to move this stock up and down.
I meant flat on the weeklies, not on a daily basis. With the macros like they are, just not seeing a move back above 20.
Certainly not tomorrow but all you need to do is look at WPRT and understand that CYD has the same technology.Then you start to understand the upside as CYD already ships more nat gas engines and has just started to penetrate China.Buy a few on a dip the rewards will be huge by this time next year.