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Jjdoc
Columbia Fan
Cali
Member since Mar 2016
24968 posts

Back in MDR.........
Yes yes... I know this has been talked about. Some advice was to walk away and I hank you for your honest opinions. I have done well on this one though.


Today it dropped after the long awaited earnings last night. In @ 1.55. And... I'm holding for a while.


Triple Bogey
LSU Fan
19th Green
Member since May 2017
2598 posts

re: Back in MDR.........
Don't try and catch the falling knife


Jjdoc
Columbia Fan
Cali
Member since Mar 2016
24968 posts

re: Back in MDR.........
quote:

Don't try and catch the falling knife



Never.


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04
Tpayne99
LSU Fan
Da Bayou
Member since Jan 2019
771 posts
 Online 

re: Back in MDR.........
At least your side piece will still love you.


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20
DaleBrown
LSU Fan
Slidell la
Member since May 2019
1176 posts

re: Back in MDR.........
What the hell happened to this company?

Used to be the big dog in marine construction and oilfield work but now looks like they’re on the verge of bankruptcy!
Wtf


tigersfan1989
LSU Fan
Louisiana
Member since Oct 2018
112 posts

re: Back in MDR.........
Cb&i acquisition killed them


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00
WM88
LSU Fan
West Monroe
Member since Aug 2004
1184 posts

re: Back in MDR.........
Made 2k in a few days last time.

I'm going to sit this one out.



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00
TDFreak
Florida Fan
Baton Rouge
Member since Dec 2009
3474 posts

re: Back in MDR.........
quote:

Today it dropped after the long awaited earnings last night


That’s a decent strategy. Would hope it will trend up on optimism the worst is behind it.

But you’re already down 5%, bro.


Jjdoc
Columbia Fan
Cali
Member since Mar 2016
24968 posts

re: Back in MDR.........
Yep! The great news for me is it's mostly their money from earlier trades on it. I'm in a position to just wait.





MrJimBeam
New Orleans Saints Fan
Member since Apr 2009
3385 posts

re: Back in MDR.........
MDR falling off a cliff


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USA
Member since 2001
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Brummy
LSU Fan
Baton Rouge, LA
Member since Oct 2009
3099 posts
 Online 

re: Back in MDR.........
Down another 15% this morning.

The GC building their new corporate HQ in Houston has walked off the job and filed a lien for non-payment. What a train wreck this has become.

ETA: Now down 20%
This post was edited on 11/8 at 8:35 am


Jjdoc
Columbia Fan
Cali
Member since Mar 2016
24968 posts

re: Back in MDR.........
Yep. Watching it. I may end up giving them back the money they gave me. We will see in 6 to 12 months... maybe a few days LOL!


WM88
LSU Fan
West Monroe
Member since Aug 2004
1184 posts

re: Back in MDR.........
quote:

McDermott skipped a Nov. 1 interest payment on its bonds, triggering a 30-day grace period to make the payment or file for Chapter 11. It also warned in regulatory documents of the risk of bankruptcy.


This don't look good


DaleBrown
LSU Fan
Slidell la
Member since May 2019
1176 posts

re: Back in MDR.........
This management group appears to be negligent. Shareholder lawsuits are coming


eng08
LSU Fan
Member since Jan 2013
4024 posts

re: Back in MDR.........
Just sold all my employee StockPlan


Jjdoc
Columbia Fan
Cali
Member since Mar 2016
24968 posts

re: Back in MDR.........
My stop loss has not triggered. If it does, I will walk away with 25% profit from my investments in MDR.



Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1174 posts

re: Back in MDR.........
Course, you realize that if it gaps down or gets halted, a stop loss order doesn’t mean anything.


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10
castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
64710 posts
 Online 

re: Back in MDR.........
Holy crap.


Jjdoc
Columbia Fan
Cali
Member since Mar 2016
24968 posts

re: Back in MDR.........
Just because I made this trade public here. I wanted to bump.

It never reached the point to trigger my SL. So I still own it the stock and have 45 calls all on the money I took in trades on this stock

I may be a fool for giving them their money back. We shall see over the next year.


Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
1174 posts

re: Back in MDR.........
quote:

So I still own it the stock and have 45 calls all on the money I took in trades on this stock


Not sure I understand what you mean. You’ve sold ITM covered calls against your long position?

ETA: Now that I read it again, you’re long 45 additional calls on money previously received from trading this stock?
This post was edited on 11/27 at 10:17 am


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