CAT reminds me of HPQ last year, another Chanos' short
Going into 2013, HPQ stock was in the toilet, with Chanos and co predicting bankruptcy etc... HPQ went on to become the best performer in 2013. I think CAT may be in the same position. When everyone is predicting the worst, all that negativity has been priced in. Interesting to see CAT's short position in Jan 2014 actually increased compared to Dec 2013. The shorts are still valiantly fighting against the trend.