$CAT: Safe Profits from Infrastructure Bill/Undervalued
I’m the same fuck who posted about $CLF when that shit was at 20 so listen up, I’m just trying to make some gains safely.
Recently, Caterpillar has tanked about 10% from it’s recent high. For a blue chip stock, that is pretty significant. It seems to be for no reason except some people were afraid of the valuation? With a forward PE of 18 and a reopened economy I could give less of a shit about their concerns.
Do you ever drive on the highway, a bridge too perhaps? You know what you see when they are doing construction? Yes, Caterpillar vehicles. The government almost exclusively gives contracts to Caterpillar for infrastructure improvement, none of that weak bullshit.
America’s infrastructure sucks! Which is why Biden has gotten together with Republicans to sign a $1 Trillion infrastructure bill. Undoubtedly $CAT will recover (maybe even hit a new high) when it comes to a close. News is that there a ‘tentative’ deal, which means they just have to get the specifics down and then BOOM we’re in the money boys.
Not to mention I read some crazy yahoo article saying that $CAT could be worth 34% more than their current intrinsic value. Link here:
If you look at the RSI, Bollinger Bands, CCI, etc you will see the bullish reversal aching to jump.
I have purchased some Bullish Call Spreads for next week as well as Diagonal Call Spreads for next week:
TLDR: Bet on U.S. Economy, very safe. $CAT go up because big road bill.
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June 11, 2021 at 09:42AM