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SHELLY said:
Chesapeake Energy has had quite a run too--and their insiders were (and still are) buying up shares.

I am quite sure we could spend all day going back and forth talking about what insiders are buying and selling their stocks etc. It proves nothing.
You are right Shelly, St. Joe is a crap company, the CEO is a crook and anyone who owns property in SoWal is going to ultiamtely lose their shirt and go bankrupt. The earth is warming so seas are rising and all coastal property is going to be underwater. There will be 50 gazillion high condos along the Panhandle coast w/no one to buy or own. We are going to be invaded by Canada and become a socialist country. The stock market is going to crash sending tens of thousands to jump off of buildings to their early demise. Oh yeah, all property in SoWal will fall in value 90% over the next 6 months. Let's not forget about the national real estate bubble that is going to send the entire country into a depression. I believe I have covered everything that you are going to put in your "thesis". I can't wait to read it.
 

monty

Beach Comber
Nov 23, 2005
48
0
Regardless of what you think of Shelly (she is getting beat up by you people for simply having an opinion on the market--which is backed up be facts), it is not a good sign when all your insiders are selling rather than buying. It obviously means they feel the stock has peaked or nearly peaked in most cases.
 

GreenWaveDave

Beach Lover
Oct 24, 2005
64
0
Just_In_Thyme said:
The stock market is going to crash sending tens of thousands to jump off of buildings to their early demise. Oh yeah, all property in SoWal will fall in value 90% over the next 6 months. Let's not forget about the national real estate bubble that is going to send the entire country into a depression. I believe I have covered everything that you are going to put in your "thesis". I can't wait to read it.


According to Monty SoWal has already fallen 50-60%. More than a few people have asked for this to be substantiated with some sort of evidence. I find it more than a coincidence that Monty has yet to reply to those posts. He must be consulting with Shelly for some data.
 

Advance The Man

Beach Lover
May 19, 2005
54
0
Shelly is misguided with her stock knowledge i.e. gives an example of an unrelated company. But she may be on to something with her real estate opinion. You just have to look at MLS data...time on market, reduced asking prices as well as the end of s/d lots & condo projects selling out in hours, etc. Time will tell.

Just_In_Thyme said:
I am quite sure we could spend all day going back and forth talking about what insiders are buying and selling their stocks etc. It proves nothing.
You are right Shelly, St. Joe is a crap company, the CEO is a crook and anyone who owns property in SoWal is going to ultiamtely lose their shirt and go bankrupt. The earth is warming so seas are rising and all coastal property is going to be underwater. There will be 50 gazillion high condos along the Panhandle coast w/no one to buy or own. We are going to be invaded by Canada and become a socialist country. The stock market is going to crash sending tens of thousands to jump off of buildings to their early demise. Oh yeah, all property in SoWal will fall in value 90% over the next 6 months. Let's not forget about the national real estate bubble that is going to send the entire country into a depression. I believe I have covered everything that you are going to put in your "thesis". I can't wait to read it.
 

SHELLY

SoWal Insider
Jun 13, 2005
5,775
802
Advance The Man said:
Shelly is misguided with her stock knowledge i.e. gives an example of an unrelated company.

(1) The example I gave was in reference to "insider buying" of stocks. Couldn't compare JOE's "non-insider" buying to other comparable companies since insiders in the real estate sector aren't buying their stock; they may be exhibiting a bit of puffery, but they're not stupid enough to put their own money on the line.

(2) Considering JOE's competitors (i.e., current panhandle property owners and investors) I'd say JOE will have the upper hand, in this buyer's market, to come down on price. Maybe owners of investment property in the panhandle should consider holding shares of JOE as a hedge.
 

SHELLY

SoWal Insider
Jun 13, 2005
5,775
802
GreenWaveDave said:
According to Monty SoWal has already fallen 50-60%. More than a few people have asked for this to be substantiated with some sort of evidence. I find it more than a coincidence that Monty has yet to reply to those posts. He must be consulting with Shelly for some data.

Not hardly--50-60%??? Monty must be an "UBER Real Estate Bear."

Having said that...I think when this pre-construction condo thing comes to a head, the prices can very well "fall" 50% from the prices that investors "think" their condo is "worth." The ultimate buyer (if the investor gets lucky :funn: ) will never be able to explain to their banker why the condo that was "just closed" by the investor for $250,000 appreciated in value by 50% in a couple of hours. :eek:

The Wild West Days of Easy Money are grinding to a halt. With the Fed tightening the screws on banks' lending practices, many will learn that there really are risks associated with real estate investing.
 
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