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Releasing CAT

By Market Shadows
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Releasing CAT: Sold Caterpillar on today’s earnings report bounce

By Paul Price of Market Shadows

I am satisfied with the move in Caterpillar because we bought our position during its out-of-favor periods. Here are the dates when we purchased and how much we paid for CAT when it went into our Virtual Value Portfolio .  

   Stock                                                  Ticker              Date             # Shares       Price

CAT buys  

 CAT Quote

 

We missed catching today’s peak (north of $107)  but managed to lock in our gains by selling all 60 shares @ $106.60.

CAT one year

For now we’ll pocket the cash and wait for the next good opportunity. We are bidding to close out the short CAT Jan. 2015, $100 strike price put (from our Virtual Put Writing Portfolio ) nine months early, but we haven't been filled on our order yet. 

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