This post was just published on ZYX Buy Change Alert.
The company is a real estate development company that owns 577,000 acres of land primarily in northwest Florida as well as 405,000 acres on the coast of the Gulf of Mexico.
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.
Target zone is $34 to $38.
Joe reported better than expected earnings and the stock has jumped up and as of this writing is trading at $22.27.
A prominent hedge fund is short this stock. This hedge fund may make statements or take other measures to drive the price down. Such a dip would be a buying opportunity.
We are raising the buy zone to $17.11 to $19.26.
What To Do Now?
Those in the stock may continue to hold and add near the bottom of the buy zone.
Those not in the stock and are conservative may accumulate near the bottom of the buy zone.
Those not in the stock and are aggressive may start a small scale in near the top of the buy zone and continue to accumulate if the stock falls further.
