June 9th, 2008
CNBC Bonus Bucks Trivia: On Friday, Cramer warned that “safety stocks aren’t safe” now. But he did say one stock was “about to rip.” Which?
On Friday, Cramer warned that “safety stocks aren’t safe” now. But he did say one stock was “about to rip.” Which?
Recently IPO’d Intrepid Potash (IPI) hit a 52-week high today, and “I want to buy it still,” Cramer said. “I think IPI’s about to rip.”
IPI doesn’t make the cut for the models I use, so I have little to add other than “recently IPO’d” stocks should have a fairly easy time setting 52-week highs.
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