shorting the jumping cat
- Thread starter heilbronner
- Start date
Do you know what it means when SSB is upgrading CAT???
I did my own research.
...19-Apr-00 Salomon Smth Brny Downgrade Buy Neutral...
This was the last analyst action from the Salomon Brothers I could find on Yahoo. That time Cat was trading around $ 35.
The following 12 months CAT went as high as $ 49.
So now they are coming out with an upgrade @ $ 76, nice.
Any clue why they didn't upgrade CAT 14 months ago when Cat was trading @ 35 bucks?
John Gutfreund and the rest of his bunch know what it means when SSB says buy.
...19-Apr-00 Salomon Smth Brny Downgrade Buy Neutral...
This was the last analyst action from the Salomon Brothers I could find on Yahoo. That time Cat was trading around $ 35.
The following 12 months CAT went as high as $ 49.
So now they are coming out with an upgrade @ $ 76, nice.
Any clue why they didn't upgrade CAT 14 months ago when Cat was trading @ 35 bucks?
John Gutfreund and the rest of his bunch know what it means when SSB says buy.
When a Salomon guy wants to sell you something, be cautious.
Quote from waggie945:
With a $77.12 high.
So what?
Are you long?
Mr. Raso from SSB says:
...We see CAT stock as set to move higher again," Raso said as he upgraded the shares (CAT: news, chart, profile) to "buy" from "hold" while also lowering his risk rating to "medium" from "high" and boosting his price target to $90 from $77...
So risk @$ 35 was high. Now as we are @ $77 risk is medium???
Ok, I keep that $77 in my mind for the next months.
...We see CAT stock as set to move higher again," Raso said as he upgraded the shares (CAT: news, chart, profile) to "buy" from "hold" while also lowering his risk rating to "medium" from "high" and boosting his price target to $90 from $77...
So risk @$ 35 was high. Now as we are @ $77 risk is medium???
Ok, I keep that $77 in my mind for the next months.
Cat numbers:
Total Cash Per Share (mrq): 1.14
Revenue Growth (lfy)³: -1.50%
Earnings Growth (lfy)³: -0.90%
Ok, David, probably you have a MBA from a top US-Business School.
But let me tell you this: Cat won't be the next highflyer.
Total Cash Per Share (mrq): 1.14
Revenue Growth (lfy)³: -1.50%
Earnings Growth (lfy)³: -0.90%
Ok, David, probably you have a MBA from a top US-Business School.
But let me tell you this: Cat won't be the next highflyer.
So now I'm short CAT @ 84.39.
Hope the longs know what they are doing.
Hope the longs know what they are doing.
Update: Still short and already made 2 bucks on the stock. IMHO this will be the next profitable trade in CAT.
BTW, my success rate is almost 100%. Check it out.
BTW, my success rate is almost 100%. Check it out.