Tuesday, February 24, 2009

MURDER INC. ~ McDermott International (Public, NYSE:MDR)

MDR from $6 to over $12, the longs got their 100% and even a little more with a recent high of $14ish.  You've watched BOTD trade OIL names successfully.  From HK to CAM, with the OIL stocks of 2009 and most recently on the SHORT side with XOM and RIG.   Today we added *short* MDR (hedged with long $DXO under $2) ... go team! 

p.s.   where's Ja Rule?  *PUT IT ON ME* 


Anonymous said...

holla!! puts on the pop, baby!!

big mike is da man!!


BUY ON THE DIP said...

yes sir!

that's how TEAM BOTD rolls!

BUY ON THE DIP said...

SHORT GOLD? short miners!

the NEM puts.

-2.16 (-5.10%)

BUY ON THE DIP said...


IYR calls of confidence

... and how'd that SRS short turn out?

BUY ON THE DIP said...

MDR ~~> "puts" before March 2nd.

Q4 earnings are expected to be announced after market hours on March 2, 2009

0.48 | 0.226 | 0.16
(High | Mean | Low)

BUY ON THE DIP said...

PETROHAWK reports in the AM.


BUY ON THE DIP said...

might buy FLS. reports AH. (w/ stop $45ish)

also reporting: FLR, CLF, PCR,...

JeffreyLin said...

McDreamy got hit with the Ugly Stick! HOPEbama Infraplosion just beginning!

seizure said...

damn stop loss shook me out of FAZ

Not bad. FAZ from $56 to $61. I'll take that

I'm still riding SRS from $70 yesterday. Sorry BOTD definately not being a Team Player today especially with you on IYR.

seizure said...

come to me PALM! Just a little bit lower

seizure said...

got out of SRS @ 75ish. BOTD, IYR can rally now =)

Mighty Bernarke and his eloquent linquistics might rally the markets. Time to go long on FAS (tiiiiiight stops)

maximus said...

BOTD - RIG is back at $59. Shall we repeat the trick with puts? :)

BUY ON THE DIP said...


was tempted on $RIG above $60

High: 60.40

but got gun shy when DXO and XOM started to rally strong ... you?

BUY ON THE DIP said...


CBI (chicago bridge and iron)
-2.29 (-30.61%)

.... one by one all the infra plays will die. FWLT, CBI, ...etc .... Murrrrder! $MDR.

maximus said...


was waiting for RIG to get over $61 to enter puts...did not happen.

Decided not to chase the falling stock...chasing typically does not work well :)

BUY ON THE DIP said...

check the FLS comment above from last night...

After Hours: 49.99 +3.87 (8.39%)

daily low: Low: 45.01

.... did we make the trade? nope.