CAT has earnings beat stock gapping up this morning. Would go long a few for a pop at open short squeeze give it room to 145ish to add and look for a push back towards highs. I think this will pop and then gap fill back down possibly to 144 or under. I would pick some up and look for a slow move back to highs in this area. CAT
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Quick 1 point pop at the open I would be going long at this level 143ish
Trade active
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I have a position built into CAT I added to that position and will hold this long and try to remain patient. Patience is the key when you are playing these types of companies. The markets are dragging everything down so I will hold and be patient for now....With that in mind you still always need a target stop identifed based on your risk tolerance.
Trade closed: stop reached
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Cutting this play off. The markets are just decimating some of these companies. I think long term this will rebound but in the short term it is just being dragged to far down for my liking.