Well, I have had the patience of a saint on this one, but it seems, at long last, McDermott is finally breaking down. They just posted results, and their COO Is leaving. As I’m typing this, they are down about 16%. I’ve got a short position as well as a very large put position on the stock. Just when I was beginning to question this whole technical analysis game, I get some really good news. I think this stock is headed much, much lower than even current after-hours action indicates. The topping pattern is very large.
