Delek US Holdings, Inc. (DK)

[jugs]

Here we go again, the next leg of this insane journey is afoot, so let's give it a hand and not the finger. Money is money and the game is on when it comes to Delek:

May 29, 2018 09:50 ET (13:50 GMT)
DJ Delek US Price Target Raised to $66.00/Share From $60.00 by Wells Fargo

The market continues to drive this thing higher and higher. Not long ago I was urging shareholders to continue keeping shares close to the vest, at least until such time as we can see momentum subsidizing and finally posing a threat to gains already accumulated. This had become somewhat clear back in the fairly recent day that had DK positioned at $27 or so! Hard to believe how well shares have done, isn't it?

Wells Fargo is having a notable impact on DK's perceived value this morning and for this reason alone I'm suggesting that we continue to hold shares. I am doing that, certainly.

The obvious question here is:


Just how high can this thing go?


There's no legit way to know this in advance. So, better to hold on and enjoy the ride. Our next key is probably going to be another high-level endorsement such as you'll find above. That would further cement market conviction and it's something I personally will accept as altogether meaningful.

Best of good fortune, everybody!