PBF: Potential start of the up move here

31 ott 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 ott 2016

Nota

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 ott 2016

Nota

"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 nov 2016

Nota

From the Key Hidden Levels chatroom:

the Gasoline boost helps

this puts us against resistance

1 nov 2016

Nota

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

1 nov 2016

Nota

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

10 nov 2016

Nota

Now we're talking!

15 nov 2016

Trade chiuso manualmente

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

2 dic 2016

Nota

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

7 dic 2016

Nota

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 dic 2016

Nota

8 dic 2016

Nota

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 dic 2016

Nota

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

9 dic 2016

Trade chiuso manualmente

I sold at 28.96 for now.