This post was just published on ZYX Buy Change Alert.
JOE is in the buy zone.
JOE 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.
In addition, there are profits in the amount of $4.33 per share allocable to this position from the hedging program started on July 13, 2011 and ended per post dated December 2, 2011 on the Real Time Feed. There are also realized profits allocable to this position from hedging program initiated on March 5, 2012 and ended on January 18, 2013 in the amount of $2.73. There are also small unrealized losses from the current hedging program.
This stock is prone to bad headlines. Most bad headlines are likely to be buying opportunities.
This is a very long-term position.
What to do now?
Those in the stock may hold on to the present position and add only near the bottom of the buy zone.
Those not in the stock may initiate a small scale in right here in the buy zone.
New Buy Zone: $17.32 – $20.76
Target Zone: $34.00 – $38.00
Stop Zone: TEMPORARILY NONE but those who must use a stop can use stops under $12.45.
