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Momentum Trading with RaginCajun

RaginCajun
Joined Jan 27, 2008
7,405 Blog Posts

IPI: Intrepid Potash

RaginCajun Fri Jun 6, 2008 2:49pm EST 6 Comments

Despite the market hitting new lows [[IPI]] is hitting new highs. The company just reported a stellar quarter a few days ago, and is finally breaking out of it’s IPO range.

I sold in panic this morning, but quickly bought it back after I saw the strength.

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6 comments

  1. Option Addict
    Option Addict
    June 6, 2008 at 2:50 pm

    If you don’t know, you better ask somebody.

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  2. ONE
    ONE
    June 6, 2008 at 2:55 pm

    Holla at cha boy!!!!!

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  3. Two
    Two
    June 6, 2008 at 3:57 pm

    ok heres the deal Mr. Market – you get 3 -400 days and then we get a rally

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  4. aae
    aae
    June 6, 2008 at 4:03 pm

    two,

    yeah 3 -400 days does not compensate for 1 +250 day rally. Does it?

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  5. Two
    Two
    June 6, 2008 at 4:07 pm

    250 is not a rally.. is it ?

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  6. AU CONTRAIR
    AU CONTRAIR
    June 6, 2008 at 4:38 pm

    Cramer hyped (IPI) on the stop trading segment. It’s what caused the pop. Still, it’s looking good as of late.

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