Talking about a company that needs to be shorted is CAT. Not saying that this is the only company that needs to be shorted but one of the company that has came from all time high in January 2018, since then we haven't tasted 170 price level.
Been looking at this company for quiet some time and must say was kind of interested of investing at some point, but taking a step back, observing, looking at a bigger picture of things and the operations of CAT at this time but not only at this time, since 2016. There has been no major project that CAT has to bring out its most expensive machines to work on it, haven't said that Caterpillar has not made any short-term and long-term investment since 2016 and that factor is surely not bringing any value to the company.
Talking at the technical sides of this stock, seems like it'll to about $100 PS or even less maybe $95 PS before and that was shown by Fibonacci tool. Nothing major to be said about the technical side but the moral of this Stock is, it is a good short.
Been looking at this company for quiet some time and must say was kind of interested of investing at some point, but taking a step back, observing, looking at a bigger picture of things and the operations of CAT at this time but not only at this time, since 2016. There has been no major project that CAT has to bring out its most expensive machines to work on it, haven't said that Caterpillar has not made any short-term and long-term investment since 2016 and that factor is surely not bringing any value to the company.
Talking at the technical sides of this stock, seems like it'll to about $100 PS or even less maybe $95 PS before and that was shown by Fibonacci tool. Nothing major to be said about the technical side but the moral of this Stock is, it is a good short.