rated x,
Not sure where in Jersey you are. Bill S. is a great guy. If you are interested in his car, you can feel confident in it (no he doesn't pay me, I just know him well and he is a friend

)
Also, my mechanic/builder who builds Cobras from scratch has an A&C Cobra for sale. It's yellow, no stripes. 302 with I believe the T5 trans. Very well sorted out. He's looking for mid $30's I think, but no more. I've seen it many times. It's in great shape, basically new.
Join our Cobra club. Shoot me an e-mail with your info. We've got lots of members and have an event in June (see the Tri-States forum here).
Best of luck in your search
Steve