PBF: Potential start of the up move here

31 paź 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 paź 2016

Uwaga

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 paź 2016

Uwaga

"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 lis 2016

Uwaga

From the Key Hidden Levels chatroom:

the Gasoline boost helps

this puts us against resistance

1 lis 2016

Uwaga

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

1 lis 2016

Uwaga

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

10 lis 2016

Uwaga

Now we're talking!

15 lis 2016

Zlecenie zamknięto ręcznie

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

2 gru 2016

Uwaga

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

7 gru 2016

Uwaga

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 gru 2016

Uwaga

8 gru 2016

Uwaga

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 gru 2016

Uwaga

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

9 gru 2016

Zlecenie zamknięto ręcznie

I sold at 28.96 for now.