IP IMHO a short

H

heilbronner1

IP has had a good run - almost too good for a stock like IP.

That's why I'm short IP around $ 27. Can't tell you if this is the high or not, but I'm in now.

The time frame for this trade is about 1-3 months. Let's see what happens.
 
Are you scaling in or all in at this point? It appears that there is some significant resistance that IP hasn't hit yet (say $28-$30 level.) IP managed to break out from major resistance point of around $25.50, so that might prove to be a barrier to the downside, at least in the short term.
Also, IP hasn't been a rocket up...more of a slow and steady climber, so this is a vehicle that people can climb on and off easily which means there's no reason to stampede if it drops by a couple of percent. I'm not saying it can't drop, but you might want to stretch your time horizon out a bit.
Anyway, just playing devil's advocate here with some food for thought.
 
Quote from heilbronner1:

IP has had a good run - almost too good for a stock like IP.

That's why I'm short IP around $ 27. Can't tell you if this is the high or not, but I'm in now.

The time frame for this trade is about 1-3 months. Let's see what happens.
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I will ship in some profits around $ 23.90 - 24.12 if we reach those levels today.

Best wishes. :p
 
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