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.
Good luck!
Ivan Labrie.
Comment:
Tim West has shared this article with me, it's quite relevant: marketrealist.com/20...ad-short-interest-6/
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."
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."
Comment:
From the Key Hidden Levels chatroom:
IvanLabrie
the Gasoline boost helps
this puts us against resistance
Comment:
IvanLabrie
the short interest can lead to a massive short squeeze
s3.amazonaws.com/tra...shots/p/p5ZAwQxv.png
Comment:
IvanLabrie
the short interest can lead to a massive short squeeze
s3.amazonaws.com/tra...shots/p/p5ZAwQxv.png
Comment:
Now we're talking!
Trade closed manually:
I'm out, waiting to reenter longs, either lower, or higher.
Comment:
Nice dip to rebuy, I'll buy back gradually over a week from Monday close.
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.
Comment:
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!
Comment:
(and yes, double the position and place a stop at 27.67)
Trade closed manually:
I sold at 28.96 for now.
