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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?

William A. Trent (June 9th, 2008) Writes:

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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