IPI - Intrepid Potash Inc. - Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat

**BadThad** · #1 04-22-2008, 01:11 PM

New IPO today....screaming start! I'm in, I think this will do well in very short order.

IPI on Google Finanace

Current Price: $49.39

Huge demand for potash, this IPO is going to be HOT IMO.

thinksnow · #2 04-22-2008, 02:10 PM

Could be interesting. Think it'll pull back a little, or is ~$50 the best entry point?

Interesting comparison:

Quote:

Shares of rivals Potash Corp (POT.TO: Quote, Profile, Research) slipped 0.4 percent to C$210.35 on the Toronto Stock Exchange and Mosaic Co (MOS.N: Quote, Profile, Research) eased 0.8 percent to $138.27 on the New York Stock Exchange.

**BadThad** · #3 04-22-2008, 02:34 PM

Dunno....you can never guess these IPO's. I just go for it on day one and cross my fingers. So far, I'm green with this one and VERY green with Visa!

stockzilla · #4 04-22-2008, 11:00 PM

This stock really ranged today!

**BadThad** · #5 04-23-2008, 09:37 AM

Oh yea....53.40 this morning....it's a BULL!

**BadThad** · #6 04-23-2008, 10:26 AM

Nobody else into potash? This is going to be a winner IMO. Check this outlook on potash:

https://www.citigroupgeo.com/pdf/SEU14674.pdf

thinksnow · #7 04-25-2008, 03:26 PM

So after the initial climb and dip, we are on the rise. Looking forard to tracking this one.

**BadThad** · #8 04-25-2008, 04:00 PM

Quote:

Originally Posted by thinksnow

So after the initial climb and dip, we are on the rise. Looking forard to tracking this one.

Sold my position today....time to take those profits!

thinksnow · #9 06-09-2008, 10:22 AM

$56.40 and climbing!

**BadThad** · #10 06-09-2008, 10:42 AM

Thanks for bringing this back....I forgot about it, I'm getting back in. The rise is due to news I missed:

Quote:

Intrepid Potash net quintuples on 75% higher sales
6:18a ET June 2, 2008 (MarketWatch)
TEL AVIV (MarketWatch) -- Intrepid Potash Inc. of Denver reported that first-quarter net income quintupled, with pricing and demand pushing the quarter's earnings higher than profit for all of 2007. "The potash industry is in the midst of an unprecedented demand driven-market, fueled by numerous drivers, including an ever-increasing demand for a more nutritious diet, especially for more protein, resulting from rising populations and growing GDP in developing countries," Chief Executive Officer Bob Jornayvaz said in a statement on Monday. Earnings reached $33.1 million from $6.4 million in the year-earlier period. Pro-forma per-share earnings were 27 cents against 5 cents. Sales rose 75% to $84.4 million from $48.2 million, the company, which is the successor entity to Intrepid Mining LLC, said. Intrepid Potash went public in April at $32 a share. The stock closed on Friday at $49.16.