I shorted ETN yesterday morning and again this morning,
successfully. They "beat expectations", but won't make $2
this year after making $6 last year. Basically, same story
with CAT today.
Now, all day long I'm hearing, "boy if they can make this much
money with such low sales they'll make tons next year when things
turn".
Anyway, that's the spin, and it probably will work.
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the new Mantra
Posted by kurzweg on 21st of Jul 2009 at 04:21 pm
I shorted ETN yesterday morning and again this morning, successfully. They "beat expectations", but won't make $2 this year after making $6 last year. Basically, same story with CAT today.
Now, all day long I'm hearing, "boy if they can make this much money with such low sales they'll make tons next year when things turn".
Anyway, that's the spin, and it probably will work.