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* 

16 comments:

Anonymous said...

holla!! puts on the pop, baby!!

big mike is da man!!


-alamo-

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.

NEM
40.23
-2.16 (-5.10%)

BUY ON THE DIP said...

LONG: BIG BUILDINGS!

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

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

BUY ON THE DIP said...

PETROHAWK reports in the AM.

floyd?

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...

maxium,

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...

infratarded!


CBI (chicago bridge and iron)
5.19
-2.29 (-30.61%)

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

maximus said...

BOTD

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.