Catalyst
Shares of Intrepid Potash, Inc (IPI) plummeted to a new record low Monday morning after the potash producer reported financial results for Q4 2015 that trailed analyst estimates.
Chart
Result
Shorted 20K shares @ $1.48
covered 7K @1.05 = $3,010
Covered 7K @ .96 = $3,640
Covered 6K @ 1.04 = $2,640
$9,290 profit
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