IvanLabrie
Long

PBF: Potential start of the up move here

NYSE:PBF   PBF ENERGY INC
2 months ago
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.
2 months ago
Comment: Tim West has shared this article with me, it's quite relevant: http://marketrealist.com/2016/10/integrated-energy-refiner-stocks-lead-short-interest-6/
2 months ago
Comment: "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."
2 months ago
Comment: From the Key Hidden Levels chatroom:
[quote="IvanLabrie"]the Gasoline boost helps
snapshot

this puts us against resistance[/quote]
2 months ago
Comment: [quote="IvanLabrie"]the short interest can lead to a massive short squeeze
https://s3.amazonaws.com/tradingview/snapshots/p/p5ZAwQxv.png[/quote]
2 months ago
Comment: [quote="IvanLabrie"]the short interest can lead to a massive short squeeze
snapshot
[/quote]
2 months ago
Comment: Now we're talking!
2 months ago
Trade closed manually: I'm out, waiting to reenter longs, either lower, or higher.
2 months ago
Comment: Nice dip to rebuy, I'll buy back gradually over a week from Monday close.
2 months ago
Comment: 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.
2 months ago
Comment:
snapshot
2 months ago
Comment: 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!
2 months ago
Comment: (and yes, double the position and place a stop at 27.67)
a month ago
Trade closed manually: I sold at 28.96 for now.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
coolingla PRO
2 months ago
Good Job Ivan.

I own both HFC and PBF and very recently sold WNR ( I think the meat is mostly gone by now). Today is a good day for us PBF longs!
+1 Reply
IvanLabrie PRO coolingla
2 months ago
Indeed, HFC was also widely shorted, so a good candidate for a squeeze too.
Thanks for your comments, good luck!
Reply
TheDukeUK
2 months ago
Nice chart we could have a close above the 200 MA on the daily today also. Looks good ! Thanks Luke
+1 Reply
IvanLabrie PRO TheDukeUK
2 months ago
@TheDukeUK, thanks.
If long you can sell some calls at the money here, for 1 month. I'm out, and will rebuy lower, or if we consolidate here, simply rebuy the breakout of the consolidation above earnings resistance.
Reply
timwest PRO
2 months ago
Good idea to sell the 30 strike calls out to January.

Well done Ivan.
Reply
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