Discussion in 'Stocks' started by michaelscott, Jul 20, 2007.
Earnings much worse then expected.
you bought the $85 puts yesterday right?
If they can't beat with this weak dollar, that says something. Of coarse they have a nice excuse, weak housing.
I thought all the growth was overseas.
No, thats because I had this feeling that big CAT could do no wrong. In fact, I have a DRIP plan that includes big CAT and I have no intention on selling the shares in that plan for at least 10 or more years.
Every time I have gotten the "could do no wrong" feeling, then there is a swift and sudden waterfall selloff of 5% or more.
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