PBF Likely to Go Down From Here, but Not by Much Long

NYSE:PBF240

PBF Energy Inc.NYSE

Description

⋅ Jan 26, 2017 8:57 PM

I will be a big buyer at around $21.85, where there is rock solid support.

Comments

IvanLabrie

⋅ Jan 27, 2017 5:16 AM

I got out of my long and will rebuy lower too, check out the earnings support:

coolingla

⋅ Jan 27, 2017 6:16 AM

@IvanLabrie, I have a 1/3 position in PBF averaging $24. Since I am mostly a value investor / position trader that scales in and scales out I won't sell at this point.

IvanLabrie

⋅ Jan 27, 2017 6:54 AM

@coolingla, great!

I had a larger swing trade, so I had to bail.

IvanLabrie

⋅ Jan 27, 2017 7:51 AM

coolingla

⋅ Jan 27, 2017 7:17 PM

@IvanLabrie, Nice! I really should find some time to seriously study range move from Tim and you. It's effective and original, a rare combination.

IvanLabrie

⋅ Jan 27, 2017 7:23 PM

@coolingla, thanks, it's a very powerful methodology, overall. Hit us up at the KHL chatroom.
Cheers.