Adesai

Cutting Intrepid Potash on Quick 25% Gain

Hey tradermark,

I agree that potash prices has nothing do with midwest floods.....but i expected it to at least put a slight dampening of the agric market. Hell if cramer can move markets i just thought that a flood would also.

So what is your position. Have you re-entered your position of IPI or are you waiting for a pullback. I see maybe a pullback of about $2-3 possibly, but i dont see this stock price dropping below $60, unless if earnings release doesnt meet expectation of investors. I believe this stock will probably hit around 75 in expectations of earnings report next month.