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Non-Tech : CAT-Caterpillar
CAT 550.59-3.5%2:07 PM EST
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To: Candle stick who wrote (4)8/18/1997 12:19:00 PM
From: Tom M   of 110
 
I'm curious if you "island reversal" pattern people are satisfied with the results. I took a look at GUC and see what you mean about the drop but they must have had bad fundamentals (I don't follow them so that's a hunch). CAT seems to have held exceptionally well in this 250+ correction if there was truely all this negative pressure on them you assume to be there. Have you covered your shorts? CAT seems to be trading almost at historic low P/E levels. I'd appreciate an explanation of your negative views or was it purley an ambulance chasing play on that gap open up/gap open down?

thanks in advance,
Tom
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