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.... 

10 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.

Anonymous 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'

Anonymous said...

how much % WERE YOU UP

BUY ON THE DIP said...

Earnings After the Close:

SHORT EM ALL!!

FLR, DLB, AGO, HANS, PCLN!

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.