I bought some August Calls back around $103.50...liquidated at 115.50.
I admit i cant call exact tops or bottoms....but its been pretty easy to ride the "meat" of cat for a long time now.
Just a 2.5% gain today... there were normal days that CAT gets greater than a 2.5% before. I'm holding onto CAT. Surely this stock can make it to 125... just a matter of time... no point to sell now... search for a dip later, and then wait for it to hit 125. Unless you are not planning to get back to CAT again, then I'll sell it.
I think a selloff coming at end of day. Markets are topping. Notice the Dow is the index which up the most because traders are buying mostly defensive stocks whereas the NASDAQ was negative and the SPX was only slightly up. It's Friday and traders have had a good week so I think not too many are going to buy and hold over the weekend.
I'm waiting until Mutual Fund Monday, also the first trading day of the month. The mutual funds will have lots of new money to put to work on Monday and they tend to move into stocks that have performed well, like CAT. I expect CAT to be among the market leaders in a general up day on Monday. I'll sell into that. I am in this for a trade, and I'll wait for a pullback to look at a longer term investment.