Looking at short position. Is it really 26% now? Yikes.
Reuters, 7/19/2017: * PBF reports charge pump failures in hydrocracker unit at Torrance refinery * PBF Energy reports unplanned flaring, breakdown at Torrance, CA, refinery
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X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is -0.2 In other words, the correlation coefficient of the other stocks
The scenarios are quite interesting at current levels for PBF. This is so frustrating trying to find trade ideas. I've subscribed to some email newsletters which helps me with new stock ideas. awe*some*stocks is the one i like best.
PBF may be a compelling opportunity. Ive been struggling with this stock lately. Some of my other trades have been from AWE.some.STOCK_S which are working out pretty well.
$21+ in the morning and $23 in the PM would be a good day:) good luck to all.
Just the start of a major short squeeze!
5% lower gas demand, refiner problems, still large short position. Not good but if crude has bottomed maybe so has PBF. The SUPER huge short position keeps me out for now. something is not right.
I would hate to be short over the weekend. Lots of stuff happening!!
I think this run may be over. I'm usually wrong about this, but looks like PBF has temporarily topped out in the upper $22's. I'll look to buy back in the $20-21 range, simply due to the choppy pattern. Longer term this has great value well to the $30's IMO.
Low volume down. We close 21.70's.
Yahoo Finance Insights
PBF is up 4.94% to 21.68
Think we close flat for the day. Buyers will come in after lunch. :)
I have been trading PBF for well over a year and a half ever since it was profiled by Barrons. The price at the time of the public offerings and when the insider buying was the highest was at approx $26/share. I still believe that at any price under 26 the stock is an excellent buy with the dividend and the future earnings. It is the workhorse in my portfolio and several of my colleagues trade it as well. Personally, I don't understand why it is this low or why it moves so much daily...but I have been enjoying it. Good luck to all longs. Shorts ... I love you guys to for helping the volatility.
In the short-term PBF does not seem to be like a good trade. have you guys heard of awesome.stocks. i started receiving their allerts and so far i am happy.