PBF is tracing a downtrend, sadly, since it didn't bottom at the recent low...I had to take a loss on my recent entries, and I'll wait for it to hit the lower targets to reenter. My idea is perhaps to short put options at the target, and either get assigned, or get profit from the premium on expiry. Either way, it's a great trade if we take the long side.
Fundamentals are good, and this is a good addition to any portfolio, we just need to time a good entry here and let it ride. The yield is worth it.
Good luck,
Ivan Labrie.
Fundamentals are good, and this is a good addition to any portfolio, we just need to time a good entry here and let it ride. The yield is worth it.
Good luck,
Ivan Labrie.
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Downtrend confirmed, we'll probably see 21.80 hit soon.
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The turn implies we've bottomed, today's action is very positive for the stock. I'm adding some longs here, I have a put short position only now.
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Easy upside to 26-28 within 2 weeks or so.
Easy upside to 26-28 within 2 weeks or so.
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Really bullish here!
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And finally bottomed at support:
