Caterpillar (CAT) is down again this morning, giving me a great opportunity to add to my position and improve my cost basis. After you read this Alert, I'm going to pick up 300 shares of CAT, trading at $63.18 as I write this. The buy will give me a total of 1,200 shares.
I plan to make this at least a 4% position, so I still have plenty of room to continue buying shares. I'd get very aggressive if the stock approached the $60 level.
Regards,
James J. Cramer
DISCLOSURE: At the time of publication, Cramer was long Caterpillar.
Send email to james.cramer@thestreet.com.