Replies to post #88 on McDermott International Inc. (MCDIF)

[jugs]

On numerous occasions I've seen fit to sell MDR but I always retain a portion of the position to cover myself if I've chosen a bad time to unload. Less than two weeks ago I sold 1200 shares from a 1700 position and kept 500. Did very well, indeed. Last week things were shaping up so nicely I added another 1500 shares and obviously my 2,000 share position is going gangbusters.

Very nice, to be sure! And now I see we're at $5.60. I'm thinking $6 by week's end unless profit-takes bring it back to the mid-$5 range.

I've been an energy trader for many years. This is one of those screaming picks that beg for portfolio inclusion. I'm here for the long haul, no question about it.