Discl: Held IRL 7.20% and in SM
Having established that CAT is definitely a company I want to keep in my post-"AI-mageddon" portfolio (see separate post), the CAT chart looks interesting:
- A short-term base SEEMS to be forming nicely at the $3.03 to $3.33 support area, bouncing around ~$3.30 this past 1-2 weeks - this area goes back to Nov 2024, the longer it stays around here, the stronger this base becomes when the rerating hits. If this breaks,
- The next level looks to be ~$2.30 to $2.70, if this breaks
- Then ~$1.71
After which we are completely in the Back-Up-The-Truck (BUTT) zone when CAT was still a shit company but in full-on turnaround mode.
I also put a note in the chart to remind myself that the last Capital Raise was at $6.68, so all Directors and Fundies are hanging on from those levels and taking the current hit, like those of us who bought in and are still holding.
