Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject	9/4/2001 12:14:11 PM
From: flint	Read Replies (1) of 6873

Here is a short that you have plenty of time to research. Caterpillar (CAT) maker of earth moving equipment. I suspect that people have (rightfully) been buying CAT (whose products are used on public work projects) and shorting the equipment companies that are focus on private/commercial construction. By holding a 50% position in each you were virtually guarantee a profit. This position may have been over played, and over inflated CAT. Public works construction is not truly recession proof. What it does is lag the economy. The public work projects being built today were approved 1 to 2 years ago. There has been massive revenue shortfall for the government. Cuts are coming. I suspect the projects being bid will be greatly reduced for the next 2 to 4 years. I do believe CAT is over priced. I also suspect the stock will rally like all the others on hope the worst is over. I am hoping to be able to short at $65 by Christmas. Here is the web site for the DOTs. From November through February over 1/2 of 2002 projects will be let out. fhwa.dot.gov Flint

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