StJoe (JOE) Shocks-takes charge, exits Florida bldg.

[goofer]

For the record....took my profits today in my housing stocks. After the huge run up in housing stocks in the last 6 weeks, I decided to book my profits. Averaged 15%-20% on the individual trades. They ran up too far too fast. Still holding my buy write in JOE until late October. If the stocks come back down I will consider doing it again.

 

[Buckhead Rick]

A real estate company (particulary one that has exited un profitable business') is perfect for a private equity group, they do not have to worry about qtly earnings and can focus on the longer term which is what real estate is all about.

 

[SHELLY]

For the record....took my profits today in my housing stocks. After the huge run up in housing stocks in the last 6 weeks, I decided to book my profits. Averaged 15%-20% on the individual trades. They ran up too far too fast. Still holding my buy write in JOE until late October. If the stocks come back down I will consider doing it again.

Congrats! Was wondering when you'd pull the trigger on those.

Something really odd is going on in that sector...:shock: There's certainly lots of money going to be made and lost over this, but I prefer "gambling" only when it comes with free drinks and cheezy lounge acts

And then there's this:St JOE Spokesman Denies Sale

 

[Bob]

Kurt, You need a new forum. SoWal daytraders!!

 

[Paula]

There's an article on St Joe and the airport in this mornings Wall Street Journal.

 

[goofer]

Shelley,
Thank you for your gracious comment. I saw last nite that Cramer now thinks housing stocks have bottomed. He is a momentum player and does not like to be early.