CAT Stock

[TheJester]

StockRat, Back in early 2004 RatBro was thinking of buying CAT. I think it was in January, what has happened with it since and where is it going?

[StockRat]

Well CAT had a hella year in '04 and if your bud had entered long in Jan., holding it would have scared him pretty bad, BUT, if he had the balls to hang in there, it would have paid off well.
CAT has been in a clear uptrend since the middle of '03 with an early entry signal long at 25 on 4/1/03 with profit taking signal at 35 at the end of Sept '03. Normal 'end of year' close out for taxes would have had you holding to around 41.50. Wo! (Holding only if you had done your homework)
I show a bad candle closing at the end of Jan. '04 so would have advised to stay out and wait. It floated down to as low as 35 (this was the scary part if long) with a clear entry signal long at the end of Sept. '04 at 40, to hold till the end of the year.
As for what's up now, the last long entry signal I see was at the end of May '05 at 47 with no exit signal seen yet. As of this post it's setting at 51.50 with the daily showing a profit taking pull back from it's high of 53.50 a few days back.
As for where it's going, no one can tell ya that, but it's initial daily support is at 52 with firm support at 50.Watch for daily closes below these initial support levels. Like I said this stock has had a hella run, so it would only be normal for it to experience a profit taking pull back, watching for re-entry.

[HeadRat]

Sounds like, if he didn't buy it, he should be kicking himself in the balls.

[StockRat]

I misquoted the price of CAT stock yesterday in my post.
It should have said CAT is at 52.50 at the time of this post.
sorry

[StockRat]

I see my post on the 25th got a lot of views, but didn't recieve the first question. Hmmm.
If you were paying attention, I was saying to watch for closes below 52 and look for a re-entry long below there. Well, the darn thing gave a good opp to enter at 51.65/.75 area, and at the time of this post it has given a nice profit as it is climbing at 53.25. It would have been an easy buck plus in a couple of days, if you were inclined to take a quickie profit. It would also be a nice place to pare out. (sell half your holdings to lock in profit and hold the rest)
For me to be any help, I need feedback to learn if you guys are interested in investing, or more into grabbing quick profits. That's not always easy if you are working, but can sometimes be better to be overseas with the time change in your favor. I could use some feedback. At this point, I don't know if there are even any investor/traders in here.
Any questions?
There are no stupid questions, well, unless you're Jester. :cheers

[StockRat]

Jester, you got me interested in watching this CAT stock and it has been making some clear signals for trading. I really wish I had taken my own advice and bought into this thing. There was also a new long signal to buy at 52 that showed itself at 12:30 yesterday. I totally missed it.
As I write this, CAT is trading around 54. :banghead
I'm talkin about a 2 dollar profit in just over one days time.
Go figure.

[Bontom]

I'm interested in the new satilite radios systems. Anyone doing any better than the other. Is it a good thing to get into while it is fairly new?

[TheJester]

Bontom, good to see you on here, you haven't made much of a noise lately. Do you have a company in particular that is making this product? That would help more.

StockRat, Ratbro was going off info he read in Japan. That was that, CAT made 15 billion or so dollars off of exports to China in the last 5 or 10 years and inside the next 5 years they expect to do 15 BILLION A YEAR.

Watch the long term on that stock. I'm no stock guy, but have dabbled, plus I'm not sure what the graphs are saying, but I was telling RatBro when I heard this that he should BUY, but he didn't.

Anyone rememeber the stock that went from 0.50/share to $3 a share in one day and I bought 5000 shares at close? It went to 15 the next day, did it not.

The stock market has NOTHING to do with IP Ratios, or long term, you have to go on peoples perception of what is going on. The heard sees a stock going nuts like that, CNBC tells them it went nuts that day, WALL STREET JOURNAL (one of the worst stock informative papers in the world) tells people it went nuts the next morning, people are going to buy.

[StockRat]

Thanks everyone, it's nice to be back. :cheers
I just looked up what was going on with CAT stock since we were last talking about it. Not blowing my own horn, 'cause even a blind pig will find an acorn every once in a while. 'BUT'
If anyone was paying attention, looked at CAT and maybe even took a few shares at the buy trigger I posted a little over a month ago. 52 dollar a share support, (remember the support I mentioned), you would see that it has made a nice gain on any shares you DIDN'T take the quick 2 dollar a share profit on. Remember that 'pairing' thing I mentioned. If you don't then you need to go back and do some reading. That darn thing is setting at 58.92 a share at the time of this post and has been as high as 59.23.
That's a fairly easy 7 bucks a share. You do the math.
It 'may' not be done yet and I kinda feel funny about posting this part, but the multitude of contractors that it's going to take to clean up Katrina are going to be needing a lot of CAT equipment and parts. Trying not to be insensitive here, but facts is facts.
Anyone out there with any questions about stocks, where they're at and where they look like they 'might' go.
Let 'em fly.

[RatBrother]

Cat Stock !!!
Please, EVERYONE , Kick me in the nuts from 1999. I am such a dumb-Ass !!! Yall have no idea !
Stock Rat has my vote !!!! I hate the guy :banghead I Love the guy :rm Luckilly, it is only money !!!!

[TheJester]

:kib: and :blahslap
for talking about CAT and how you should buy it off the info you had and not.
:nono: :cheers

[StockRat]

Thanks everyone, it's nice to be back. :cheers
I just looked up what was going on with CAT stock since we were last talking about it. Not blowing my own horn, 'cause even a blind pig will find an acorn every once in a while. 'BUT'
If anyone was paying attention, looked at CAT and maybe even took a few shares at the buy trigger I posted a little over a month ago. 52 dollar a share support, (remember the support I mentioned), you would see that it has made a nice gain on any shares you DIDN'T take the quick 2 dollar a share profit on. Remember that 'pairing' thing I mentioned. If you don't then you need to go back and do some reading. That darn thing is setting at 58.92 a share at the time of this post and has been as high as 59.23.
That's a fairly easy 7 bucks a share. You do the math.
It 'may' not be done yet and I kinda feel funny about posting this part, but the multitude of contractors that it's going to take to clean up Katrina are going to be needing a lot of CAT equipment and parts. Trying not to be insensitive here, but facts is facts.
Anyone out there with any questions about stocks, where they're at and where they look like they 'might' go.
Let 'em fly.

I'm finally back to the real world and finally able to look back on what kind of silly nonsense I posted before I left.
Being back, I'm also able to look at the present market and will make a comment on the two.

CAT: Holy CAT!!

We were looking at CAT back in July of last year and seeing entry 'Buy Long'
signals at 50 to 52 bucks a share. (solid support at the time)
I had said that I didn't think it was done running even at around 59 and my o my was it ever NOT done running. Did anyone hear me say 'clear uptrend' back then?
At the time of this post CAT is selling at $72.50 a share. That's roughly a 40 per cent gain and I'm not seeing any weakness to sell remaining shares yet.

Markets: DOW $DJI

The Dow has had some nice gains in spite of the recent oil issues, but could see a pull back until this Iraq thing settles down. It is showing firm support at 11,000 and is still in a clear uptrend. Unless things really turn around hard, I don't look for it to trade much lower than that in the near future.

Markets: Nasdaq $COMPX

The Nasdaq is also looking rather healthy and is also in a clear uptrend, presently trading at 2287 with support at 2200.

Stocks to watch: I'll try to give a couple of stocks to consider in the next few days, as I start to get the 'feel' back.

In the mean time, if any of you are still holding shares of SIRI Long, it is looking like it is loosing it's final support and if the closing price on Feb. 28 is below 5.50 I would like to think you took your profits and are out at this time. If not, I would start looking for a good exit price in the next week or so.

[Natch]

Hey Welcome back Stockrat. Good to hear you made it home alright.
I read that you were giving a caution on holding SIRI shares long.
I was still watching for the signals you said you were looking for when you were here before. I've been looking for that long signal, but it never came. Looks like now I was lucky to be watching it and didn't take any shares.
I agree with your end of month close caution on SIRI, but if you were long, you would have several weeks to find your exit. This thing hasn't had much interest lately and so not much movement either. Never know though. Sometimes when that last support goes, they just fall out.
Anyway, nice to have you back and I hope you hold up your end of the deal we talked about. :kib:
I would love to have you teach the stock charting class you've been teaching me, here, in the ratpack.