One New Featured Long Position, One New Speculative Featured Long Position, And Three Stocks I Am Adding To My Existing Long Positions

Despite the very low volume in the market today, my long scans were VERY active and there were a lot of fine candidates to take. However, I have narrowed them down to the only stocks that completely interest me. GFA is probably going to be our most solid stock with it being RIGHT at the 50 DMA and with the EPS and sales growth making this stock one of the best stocks in one of the best performing industry groups during the past six months. This kind of leadership with this low risk makes this the kind of long I like to put in my IRA. I am not afraid to put a nice limit order in to make this a heavy position. But if I miss my limit, it will end up just being a regular (larger than most but not HUGE) Featured long position for me. But if I can get my limit, it will be very large. PMFG is on a path of EPS and sales growth unlike any other candidate here tonight, with sales up over 100% the past 2 q’s and EPS over 600% during that time. Still the volatility and low average daily volume make it a dangerous stock to load up on. So be careful. GTLS is HOT but the base is not long enough make the stock a huge position. However, all that strong accumulation and green BOP since late February makes this a stock that is very easy on the eyes. ADEP is a HOT little number but it is way tooooo loved by too many subscribers here for me to be in love with it. I get nervous when so many people are in love with a stock that I LIKE A LOT but hopefully the trend will stay up for a long time and this accumulation is real and long lasting. The BOP is gorgeous and the volume is beyond perfect since early February but too many people are on this stock’s jock to make me want to make it a huge position. I will just be buying back the small amount I sold in my IRA. IRW I have warned you is an arbitrage situation where the stock has already been bought out by another bank. However, IRW has that powerful chart pattern that says this stock is going to go out at a much higher price. So we will see what is going to happen. Great luck out there, remember to keep at least 50% cash on hand until volume re-emerges, and for God’s sake BE CAREFUL and cut those losses fast if your stock does not move higher immediately after you go long.

new Featured long position: GFA

GFA is bouncing right off the 50 day moving average, is closing near the HOD, and is coiling for a breakout to a new high, on very strong volume. Cut your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.

new speculative Featured long position: PMFG

PMFG is bouncing off support of this cup with handle base that is right near the 50 day moving average, on extremely strong volume. PMFG is near a breakout to a new all-time high as it is only going to take one more strong day for that to happen. With the BOP going max green today, volume so extremely strong after the low volume in this handle, and with the intraday price action so strong, I assume it will follow through immediately tomorrow. Cut your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.

adding to existing Featured/speculative Featured long positions: GTLS ADEP

GTLS is bouncing off near term support and nearing a breakout to a new all-time high, on very strong volume. Cut your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.

ADEP is bouncing off recent support at the pivot point area of the mid-April breakout, on strong volume. Cut your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.

adding to existing speculative long position: IRW

IRW is bouncing off support right at the 50 day moving average and breaking out to a new all-time high, on very strong volume. Cut your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.