This post was just published on ZYX Buy Change Alert. St. Joe Company
The company is a big land owner in North West Florida and a real estate developer.
The position is long with an average price of $18.00. Currently, 80% of the full core position size is being held. Profits have been taken as high as $23.16. Buy zone is $16.26 to $19.76. Target zone is $34 to $38.
The stock was in the buy zone as late as May 13, 2014. Subscribers who were paying attention to the buy zone may notice that on April 24th the stock could be bought at $17.60. As of this writing the stock is at $23.44.
There is no new fundamental development for the jump; it is just that it appears a Wall Street analyst read the companies old SEC filings and noticed that the company has excess cash.
The stock is volatile, those not in the stock may get an opportunity to buy in the buy zone.
