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

Catatan

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

Catatan

"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

Catatan

From the Key Hidden Levels chatroom:

the Gasoline boost helps

this puts us against resistance

1 Nov 2016

Catatan

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

1 Nov 2016

Catatan

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

10 Nov 2016

Catatan

Now we're talking!

15 Nov 2016

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

2 Des 2016

Catatan

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

7 Des 2016

Catatan

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 Des 2016

Catatan

8 Des 2016

Catatan

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 Des 2016

Catatan

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

9 Des 2016

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I sold at 28.96 for now.