CAT - Caterpillar - Page 10

Bounced off $31.70, making a double bottom there, but ultimately, looking at the chart, looks like a quad bottom.

http://stockcharts.com/c-sc/sc?s=CAT...2159095&r=5341

Great call on that quad bottom. I don't think we break it with talks of 'infrastructure rebuilding' being thrown around all over. If it break that level, I'll be selling my calls.

Looking for a bottom bounce around the 31.00 level

This is well overdue for a bounce. I think any kind of surprise in the infrastructure package, such as allocating more money to it, will create some kind of cash flow coming back into this proven name.

I figured that CAT was really oversold. The Stochastics seem to be screaming it right now. Hopefully we will get that bounce up. It's nice that we got some green candles over the past 2 days, but I would like to see an additional higher high tomorrow that way we have a confirmation of a trough.

Do you guys think this could retrace back to 40 when it does bounce?

Maybe 40 - at least 37.50

Your right about that 37.50 level, it was previous support. Hopefully CAT makes it's move soon cause it seems like it could happen anytime.

Well it looks like we just got confirmation of the trough. YAY!!! Hopefully it will continue.

Bought a bunch of calls at .22

Seems to be having a lot of trouble getting over $32

My calls are looking good right now. up 2.5 X

Great job, I was going to get in on the FEB Calls @ .27, but instead grabbed HPQ calls.

Way to go on the HPQ calls...those babies are rocking.

Sold sold my Calls for 100%, not as good as CAT, but I'm happy. Was thinking about holding until earnings report, but 100% is hard to pass up in this weird market

What do you guys think a good target price to take profits would be?

Whatever you are happy with.

If it can break that resistance at $33 then it should make a nice run to at least $36, which is where I hope to take profit.

http://www.marketwatch.com/news/stor...&dist=hplatest

Probably won't help breaking that 33 resistance...

I hope CAT can make a come back tomorrow, otherwise it's looking like it has more downside.