IPI - Intrepid Potash - Page 13

RIP today

undr $10 soon???????

Down big AH's, can't believe no one caught this.
POT also down.

After Hours: 16.80 Down 3.41 (16.87%)7:38PM

4:01PM Intrepid Potash expects sales levels for the Q4 to be less than half of the levels seen in Q3; consensus calls for a decline of ~2% sequentially (IPI) 20.21 -0.56 : Co announced that, consistent with public announcements from other fertilizer producers, the co has seen the reduction and deferral of sales of potash and langbeinite, which normally would occur in the fourth quarter, into early 2009. Due to these reductions and deferrals, the co expects sales levels for 4Q08 to be less than half of the levels seen in the third quarter of this year (consensus calls for a decline of ~2%). In addition, the co anticipates producing potash and langbeinite volumes for the full year that are below the previous guidance range and anticipates that its corresponding annual cost of goods sold for both potash and langbeinite will be higher than previous guidance. The higher cost per ton numbers are a function of the co strengthening its workforce and continuing infrastructure improvements while at the same time producing fewer tons. In order to manage some variable cost elements, the co has recently elected to reduce its contract labor in Carlsbad, New Mexico through the end of 2008 and into 2009 as long as the current market conditions exist. As a result of entering 2009 with relatively higher than historical inventory levels, and in an effort to manage the supply demand balance, the Company currently anticipates that 2009 potash production will be below 800,000 tons. "We are evaluating the market in a real-time fashion and taking the appropriate actions to navigate the Company through this period of general market uncertainty. We will continue to actively monitor sales and production rates to manage inventory levels against the near-term market demand profile while at the same time being thoughtful about long-term fundamentals. We firmly believe that the macro potash trends of world population growth, improved diets and farmers investing for yield remain unchanged. The strength of our debt-free balance sheet allows us to make these proactive, real-time, operating and marketing decisions that are in the best long-term interests of our stockholders."

I'm going to try some Jan 09 $10 Puts tomorrow. Horrible news and AH response says all.

Possible bounce. Watching

Bought a few calls - looks ready to go.

Heads up, just about to break out of a month long trend, if it makes a solid move above 28 resistance, we could have a nice mover.

looks like theres a lot of room to run here. grabbed some jun 35x calls on the bounce off of support. note i drew all those trendlines and support levels yesterday, they ended up holding well. good call on this stockjock-e!

out of those calls, support didnt hold how i wanted and it keeps making lower lows and lower highs, could still be a good mover later but not right now (unless you are talking about down).

back in on hold of 28$ for .05 cheaper than where i sold

Heh, I ended up getting some June 35 calls here as well. I'm liking this call StockJock-e! Did a quick TA on IPI, hope it helps.

...and just to add on top of that chart, I'm seeing a possible bullish flag/pennant continuation forming. So far, looks good as it managed to hold the 28 support level on the Friday close.

This stocks look amazing oh so amazing

Keep running baby!

I ended up selling my position. Good 66% return. But I have a feeling I sold too early, I didn't like the overall market weakness.

I hate myself.

it's all good man, you just made me a little richer j/k, at least you made money on this trade. Just chalk it up and move on, can't do anything about it now.

sold 1/3 position for more than 100%, holding rest.

will sell 1/2 or remaining position on break of 31.46 support. i will look to average down if we hold support at 30.45, otherwise if thats broken i will sell remaining 1/2 and come back later.

trying to break resistance here, pushing hard, could see another nice move if it breaks.