Thursday, November 6, 2008

The SHORT BUS MURDERS! ~ McDermott International (Public, NYSE:MDR)


MDR reported...

down 25%+!!! 

..... where's JaRule? 

BOTD wins. 



The SHORT BUS:
FSLR puts (bought yesterday for $12.70 ... now $27.69) 
MS puts  (still down slightly on this trade) 
POT puts (up 100%+ in two days) 
MDR puts  (can you say triple?) 
REW (bought at $95 as promised, today $108) 
SKF (the flipper!) 
FXP (va-china!) 

p.s.  you see BIG LOTS (BIG) today ?   hmmm.... 

11 comments:

BUY ON THE DIP said...

and HK is HK, reported earnings.

down 8%+ ...

good thing we added MDR puts, hedge on!!!

Reports Q3 (Sep) earnings of $0.19 per share, excluding non-recurring items, $0.01 worse than the First Call consensus of $0.20; revenues rose 42.9% year/year to $305 mln vs the $286.5 mln consensus. Pro forma production increased 37% year/year. The latest Haynesville Shale well placed on production at 15.7 Mmcfe/d.

sara said...

i click on that ad

BUY ON THE DIP said...

lockdown FLSR, MDR.

BUY ON THE DIP said...

thanks sara, do it again , sexy!

BUY ON THE DIP said...

p.s.

our POT puts are on fire!!!!

BUY ON THE DIP said...

sold em'

SARA said...

how much % WERE YOU UP

BUY ON THE DIP said...

Earnings After the Close:

SHORT EM ALL!!

FLR, DLB, AGO, HANS, PCLN!

BUY ON THE DIP said...

fucking BIG LOTS!

17.89
-5.41 (-23.22%)

where's my application?

Anonymous said...

Would you buy BIG at these levels?

BUY ON THE DIP said...

We've been short BIG for months... When big was up 100%+ YTD....then again when it was still up 40%+.... We are just mad that we missed the down 25% move today.

BIG hatred.