Coming from a seasoned hedge fund player: He is shorting span style=”font-weight: bold;”Interpid Potash (NYSE:IPI)/span ahead of EPS reportbr /br /span style=”font-weight: bold;”I shorted some IPI today at 27.50…. not enough to hurt me… but just based on a hunch that this weakest player of the group comes up short tomorrow morning with earnings and poor guidance./spanbr /br /I hear that Farmers are planting this spring w/o applying potash and phosphate (i guess side applications will come later). Prolly too much capacity in the system already and this will not help.br /br /AGU didn’t have a barn burner of a quarter either a few days ago…. potash volumes down 83%. AGU’s demand estimates were similar to POT’s in April…. Potash 30-40% lower, Phosphate 25-35% lower, and 10% lower for nitrogen.br /br /Perhaps this is already built into IPI’s price…. but perhaps not with the price at a 6mo highbr /br /IPI might announce cap ex deferrals, shutdowns, etc.br /br /Additionally… I hear IPI has a checkered past with some associations with “promoters”br /br /span style=”color: rgb(255, 0, 0);”Notablecalls: /spanFYIdiv class=”blogger-post-footer”img width=’1′ height=’1′ src=’http://res1.blogblog.com/tracker/29297569-5926946447560089425?l=notablecalls.blogspot.com’//div

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