PBF: Potential start of the up move here

31 באוק׳ 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 באוק׳ 2016

הערה

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 באוק׳ 2016

הערה

"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 בנוב׳ 2016

הערה

From the Key Hidden Levels chatroom:

the Gasoline boost helps

this puts us against resistance

1 בנוב׳ 2016

הערה

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

1 בנוב׳ 2016

הערה

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

10 בנוב׳ 2016

הערה

Now we're talking!

15 בנוב׳ 2016

העסקה בוטלה באופן ידני

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

2 בדצמ׳ 2016

הערה

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

7 בדצמ׳ 2016

הערה

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 בדצמ׳ 2016

הערה

8 בדצמ׳ 2016

הערה

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 בדצמ׳ 2016

הערה

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

9 בדצמ׳ 2016

העסקה בוטלה באופן ידני

I sold at 28.96 for now.