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Dr. Fly
Indeud

Lunatics Are Buying $CAT

Dr. Fly Fri Mar 18, 2016 9:27am EST 5 Comments

The stock traded higher yesterday after offering abysmal guidance. I believe the stock is up in the order of 30% since February, based on nothing at all.

These numbers were released this morning. Sales are bleak and getting bleaker.

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Naturally, the stock is up on this wonderful news.

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5 comments

  1. halfbloodpope
    halfbloodpope
    March 18, 2016 at 9:38 am

    Cheer up Rick Santelli.

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  2. gappingandyapping
    gappingandyapping
    March 18, 2016 at 9:44 am

    Bearshitter

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  3. zheeeem
    zheeeem
    March 18, 2016 at 10:08 am

    I bought about a 1/4th position in CAT in the upper 50s, because it paid 5% dividends and I would be able to buy more as it dropped though the 50s. It’s a $50 stock selling in the mid 70s. I’ll probably sell and buy again if the price sorts itself out.

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  4. CF4
    CF4
    March 18, 2016 at 11:26 am

    Shorted CAT at $75s

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  5. pb
    pb
    March 18, 2016 at 2:20 pm

    They have a share buyback in place. Not sure that it is exhausted yet.

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