PBF: Potential start of the up move here

31 Eki 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 Eki 2016

Not

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 Eki 2016

Not

"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 Kas 2016

Not

From the Key Hidden Levels chatroom:

the Gasoline boost helps

this puts us against resistance

1 Kas 2016

Not

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

1 Kas 2016

Not

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

10 Kas 2016

Not

Now we're talking!

15 Kas 2016

İşlem elle kapatılmış

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

2 Ara 2016

Not

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

7 Ara 2016

Not

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 Ara 2016

Not

8 Ara 2016

Not

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 Ara 2016

Not

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

9 Ara 2016

İşlem elle kapatılmış

I sold at 28.96 for now.