PBF: Potential start of the up move here

٣١ أكتوبر ٢٠١٦

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.

٣١ أكتوبر ٢٠١٦

ملاحظة

Tim West has shared this article with me, it's quite relevant: marketrealist.com/2016/10/integrated-energy-refiner-stocks-lead-short-interest-6/

٣١ أكتوبر ٢٠١٦

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"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."

١ نوفمبر ٢٠١٦

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From the Key Hidden Levels chatroom:

the Gasoline boost helps

this puts us against resistance

١ نوفمبر ٢٠١٦

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

١ نوفمبر ٢٠١٦

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

١٠ نوفمبر ٢٠١٦

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Now we're talking!

١٥ نوفمبر ٢٠١٦

تم إغلاق الصفقة يدويًا

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

٢ ديسمبر ٢٠١٦

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

٧ ديسمبر ٢٠١٦

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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.

٧ ديسمبر ٢٠١٦

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٨ ديسمبر ٢٠١٦

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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!

٨ ديسمبر ٢٠١٦

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

٩ ديسمبر ٢٠١٦

تم إغلاق الصفقة يدويًا

I sold at 28.96 for now.