Tuesday, April 21, 2009

IP down about 12% on 4/20

IP fell about 12% on 4/20 due to the overall market drop. With the DJIA off almost 300 points, material companies and industrials slid . The wall street journal cited that "Many industrial and material stocks slid as the recent bounce for commodity prices was interrupted." With the recent upgrade, and no material fundmentals changing, this is still a good stock and its back up almost 10% at 8.50 as of 10:45AM

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