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Caterpillar - Catching A Reversal On A Monday

Mondays are not the best of days to look for reversals however Caterpillar jumped upwards a modest amount which impacted the value of this series of Puts. This is a 1:36 p.m. readout. Here is it's five day chart. Now its one day chart. It would seem like kind of a random thing to do and why fight a strong stock? One reason is that the markets are only mildly up and could give back some of it's gains before the end of the day. Caterpillar could be gaining strenght based on all of last weeks business articles talking about how Caterpillar could potentially gain from this new AI movement. Caterpillar afterall builds heavy equipment which can be used in the construction of nuclear reactors. Notice that the five day chart is in an uptrend and notice the small open interest numbers in the Puts. That's understandable. No one wants to hold Puts on Caterpillar when it is in this uptrend. Could it have a soft selloff in the next two hours? Here it is now 50 minutes later. The...
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A Toll Free Number To Listen To A Workhorse Conference Call. Please Make The Effort And Listen In.

Is this company on the cusp of making money or is trying to do to many things at once? The stock's price dropped almost 15% today after this call came out. It seems they will soon be on a hussle to raise more money but it's hard not to somewhat impressed by how far they have come. It doesn't really matter how much you know about this company but what a great way to be introduced to it. Just make the call now. It's free and it's interesting. Does this company have a future? That's the hard part to figure out. In the past most companies like needing additional amounts of money are to early to buy into. Just saying. Take the Lion Electric Bus Company (symbol LEV - see my Oct 31st blog) or Sono Group ( symbol Sev - see my June 19th 2022 blog) or the three wheeled Canadian electric vehicle company called Electrameccanica (SOLO - see my Aug. 17th 2022 blog). I have talked about all three of these companies several times in the past. Now here are some of Workhorse's stock charts. First it's five day chart.
Now it's one year chart.
Now it's three year chart.
Aren't you happy that you didn't buy in at $40.00? One of the problems with buying any stock in the $1.75 range is that it can continue to sell off in price. This sounds like a simple thing to say but it's true.

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