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McDermott International Inc. Message Board

  • chasserman chasserman Mar 4, 2013 7:16 PM Flag

    5 Slam downs by the market - Selling climax and reverse blow out

    Whatever u want to call it, the selling climax of MDR and FWLT has finally arrived. Whilst companies like NFLX and LNKD surge forward with a 2 million $ earnings and 10 / 20B market caps, MDR earned 40M big ones and we get absolutely hammered. Well this has happened 5 times now over the last 18 months with the 5th slam down on huge volume indicating a bottom - refer to Elliot wave principle in reverse.

    I am know market technician but I know how fear and greed work and i know when washed out stocks bottom, i know that my holdings in MDR is strong from here. Watch MDR and FWLT stock price drift higher from here on.

    Wise Chasserman long and strong 46500 MDR at 11.7

    Sentiment: Strong Buy

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4.59-0.22(-4.57%)Sep 23 4:01 PMEDT