Sold CAT at 40.81

Trade ticket:

Transaction: Sold
Security: CAT
Price: $40.81
Target price: $

Trade Note:

I bought at 31.81, mainly on speculation and just using technical charting, the stock was going to its normal low before, as I had predicted correctly it would rise again. however, I was not expecting such a large run up following earnings. Selling this at 40.81, or $9 per share has helped me cover all losses incurred since June and even allowed me to make a small profit. I sold before hours just because from experience I tend to see a larger price before earnings than during the normal hours (however with a much lower volume). CAT before normal hours had over 1,000,000 volume, so it was very liquid.

Looking forward, I may look into playing AMD, STJ, and several others. We shall see...

Happy trading to all.

Posted 40 minutes after the trade

Trade

Company information:

CAT 89.02 +0.66 (+0.75%)
Users bought (this month) 0 (0.00%)
Users sold (this month) 1 (100.00%)
Market cap 58.21B
52-week high 116.95
52-week low 78.25
10-day volume 6.12B
P/E 9.05
EPS (trailing 12 months) 9.76
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Posted by UMBC Mike on 07/21/09 at 09:42 AM

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