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Looks like the rest of the market discovered FCStone Group Inc. (FCSX) Friday; the appeal of digging into ipos has always been finding one like this before the rest of the market realizes exactly what it does and how much money it will make.

FCSX has been a sweet back-door way to play the commodities derivatives boom. The company Friday released its first earnings report since it went public at $24 last month.

Disclosure: at time of post on 4/13/07, tradingipos.com has a position in FCSX.

FCSX 1-mo chart
fcsx chart

Source: Follow-Up: The FCStone Group IPO