As my position stands, I have two options given today's earnings report.
1. I sell and take a 5% gain before close
2. I wait for the earnings report:
- If it hits or exceeds targets then I make another couple percent potentially.
- If it misses with the market's high expectations then I could potentially lose much more.
My brain and reason tells me that risking 3% for 2% is just plain stupid but I am inexperienced so I was hoping for a second opinion.
What do you guys think?
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Waiting on the CAT Earning: Good Idea or Bad?
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Never a bad idea to take profits when you have them.
However, if you're open to holding CAT for several months, it does have an buy/outperform rating from several companies. Also, it has had a positive surprise EPS in 3 of the last 4 (+18%). Hope this helps.
However, if you're open to holding CAT for several months, it does have an buy/outperform rating from several companies. Also, it has had a positive surprise EPS in 3 of the last 4 (+18%). Hope this helps.
Yeah, I think I'm going to see what the earnings report brings. As Michael Marcus once said "ride the trends". Also I agree that it will continue to gain value.
the market prices around $3.50 move
Sell! If you have calls and you made a nice profit never keep it through earnings. Why would you ever. You're guaranteed a sweet profit if you cash out but have 50/50 chance of losing the profit AND PRINCIPAL if you keep it.
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