St. Joe Responds To Bruce Berkowitz (JOE)

by Benzinga Staff
February 16, 2011 1:02 PM | 19 seconds read | Make a Comment

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

CNBC's Mary Thompson is reporting that St. Joe Company (NYSE: JOE) is responding back to Bruce Berkowitz, who resigned from the board earlier this week.The company is saying that Fairholme and Berkowitz wants to control the company, it should just buy the the company and pay all shareholders a premium. At last check, shares of JOE were up 6 cents to $26.55.

27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: Hedge FundsMovers & ShakersBruce BerkowitzFairholme CapitalFinancialsReal Estate Management & Development

© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.