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Stocks S / St Joe Company


Subject:  Re: More details -- Buy the Puts Date:  6/12/2006  5:49 PM
Author:  jhw888 Number:  129 of 140

Thanks for posting your toughts & research.

Things don't sound very good for JOE at the moment or possibly for awhile. Where I live RE firms & having a really hard time closing sales becuase no one except 1 firm is writing ins & can't get a mortgage w/o ins so lots of sales are at a standstill. People here don't even have the option of paying 2-3X more they just can't get the ins - no new policies being written - at least until someone ins co decides to take on the risk for very hi premiums.

I bought JOE in the low 30's so maybe that's where it's going for awhile as longs as i-rates are hi & going higher & hurricane season is here to stay for the next 6 mos.

Have considered selling, taking my profits & then buying back when it's done but I try to be a LTBH. Oh well.
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