PBF: Potential start of the up move here

2016年10月31日

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.

2016年10月31日

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

2016年10月31日

注释

"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."

2016年11月1日

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From the Key Hidden Levels chatroom:

the Gasoline boost helps

this puts us against resistance

2016年11月1日

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

2016年11月1日

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

2016年11月10日

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Now we're talking!

2016年11月15日

交易手动结束

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

2016年12月2日

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

2016年12月7日

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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.

2016年12月7日

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2016年12月8日

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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!

2016年12月8日

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

2016年12月9日

交易手动结束

I sold at 28.96 for now.