PBF: Potential start of the up move here

31 thg 10, 2016

PBF has a solid setup here, it's bound to breakout above the highs soon, so we can start buying gradually until it shoots up.

Good luck!

Ivan Labrie.

31 thg 10, 2016

Ghi chú

Tim West has shared this article with me, it's quite relevant: marketrealist.com/2016/10/integrated-energy-refiner-stocks-lead-short-interest-6/

31 thg 10, 2016

Ghi chú

"PBF Energy
Currently, PBF Energy’s (PBF) short interest-to-equity float ratio is 14.3%. One month ago, it was 11.1%. Three months ago, it was 7%.

In the past three months, PBF Energy’s stock has fallen 3.9%, while the short interest-to-equity float ratio rose 104% during the same period. Its net debt-to-EBITDA ratio was 0.5x in 1Q16 and its cash and cash equivalents were $1.4 billion."

1 thg 11, 2016

Ghi chú

From the Key Hidden Levels chatroom:

the Gasoline boost helps

this puts us against resistance

1 thg 11, 2016

Ghi chú

the short interest can lead to a massive short squeeze
s3.amazonaws.com/tradingview/snapshots/p/p5ZAwQxv.png

1 thg 11, 2016

Ghi chú

the short interest can lead to a massive short squeeze
s3.amazonaws.com/tradingview/snapshots/p/p5ZAwQxv.png

10 thg 11, 2016

Ghi chú

Now we're talking!

15 thg 11, 2016

Giao dịch được đóng thủ công

I'm out, waiting to reenter longs, either lower, or higher.

2 thg 12, 2016

Ghi chú

Nice dip to rebuy, I'll buy back gradually over a week from Monday close.

7 thg 12, 2016

Ghi chú

Good progress in the buy. I'm shorting the 30 strike calls, Jan 20 2017 expiry here, we might have hit a wall for a while.

7 thg 12, 2016

Ghi chú

8 thg 12, 2016

Ghi chú

We broke above the earnings level, if we see a daily high above it, on close, we can get rid of the short call and hold longs for more upside!

8 thg 12, 2016

Ghi chú

(and yes, double the position and place a stop at 27.67)

9 thg 12, 2016

Giao dịch được đóng thủ công

I sold at 28.96 for now.