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IPI - Intrepid Potash - Page 14

post #261 of 270
Quote:
Originally Posted by imsabah View Post
trying to break resistance here, pushing hard, could see another nice move if it breaks.
broke resistance, 35x calls up 10% from when it was trying to get through, my position is up 160%
post #262 of 270
sold 1/2 of remaining calls for +215%
post #263 of 270


Quote:
Originally Posted by imsabah View Post
sold 1/2 of remaining calls for +215%
post #264 of 270
35x call still looking positive?
post #265 of 270
Quote:
Originally Posted by gakkuken View Post
35x call still looking positive?
i got out 100% yesterday, but im looking to get back in if it holds above approx. 29$. note i dont plan to make another trade here until sometime next week, i think it continues down and consolidates in the 29-30$ level before moving up again.
post #266 of 270
Bulls target Intrepid Potash
September 2, 2009 Wed 9:27 AM CT

Options action turned bullish on Intrepid Potash today as investors look for the fertilizer company to rally over the next three weeks.

Our Heat Seeker tracking program detected new money flowing into September call contracts. The September 25 strikes were the busiest, trading 4,446 times against open interest of 1,402 contracts. Purchases for $0.25 to $0.40 accounted for the bulk of the activity.

IPI rose 0.89 percent to $22.68 in morning trading but is down 11 percent in the last month. The stock needs to rally about 13 percent by expiration for the calls to turn a profit. There don't appear to be any scheduled events between now and then that could serve as a catalyst for the shares.

Other investors piled into the September 24 calls, with institutional-size trades detected in the $0.45-$0.55 price range. New money also flowed into the September 21 calls, which traded for $1.60 to $2. Volume in both strikes was above open interest.

Overall options volume in the name was almost four times average, with the nearest-month calls accounting for 85 percent of the activity.

(Chart courtesy of tradeMONSTER)

By: David Russell
post #267 of 270
you missed the break out
post #268 of 270

Ag stocks hot today on corn futures getting a pop.

 

Corn needs fertilizer.

 

 

post #269 of 270

Intrepid Potash (IPI) numbers cut at Goldman. Shares of IPI now seen reaching $29. Estimates also reduced, as the company lowered its sales guidance. Sell rating.

post #270 of 270

Intrepid Potash (IPI) rated new Neutral at UBS. $28 price target. Significant growth, but at a fair price.

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