Back on May 25th, we did a post on the struggles of The St. Joe Company (JOE), which was down 14 days in a row at the time. On May 27th, the stock finally had an up day, which put an end to the losing streak at 15 days. We thought JOE might be able to string together a few up days after the 15-day losing streak came to an end, but things have only gotten worse. As it turns out, the stock hasn't seen another up day since, and it's currently on another 10-day losing streak!
Since April 27th (32 trading days), the stock has had two -- yes, TWO -- up days! Over this time period, the stock has had 5, 15, and 10-day losing streaks, and has lost 30% of its value. If he can't already, David Einhorn should soon be able to pay for his new Mets stake with his profits in JOE.....
Read more about this at:
http://www.bespokeinvest.com/thinkbig/2011/6/13/say-it-aint-so-joe.html
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