PBF: Potential start of the up move here

31. Okt. 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. Okt. 2016

Anmerkung

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. Okt. 2016

Anmerkung

"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

Anmerkung

From the Key Hidden Levels chatroom:

the Gasoline boost helps

this puts us against resistance

1. Nov. 2016

Anmerkung

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

1. Nov. 2016

Anmerkung

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

10. Nov. 2016

Anmerkung

Now we're talking!

15. Nov. 2016

Trade wurde manuell geschlossen

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

2. Dez. 2016

Anmerkung

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

7. Dez. 2016

Anmerkung

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. Dez. 2016

Anmerkung

8. Dez. 2016

Anmerkung

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. Dez. 2016

Anmerkung

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

9. Dez. 2016

Trade wurde manuell geschlossen

I sold at 28.96 for now.