The MTG Stalk Sheet
January 8, 2008

The MTG Stalk Sheet presents you with the best individual stocks that Morpheus Trading Group is stalking for potential trade entry each day, all in a concise and easy to understand format. Please be sure to read the MTG Stalk Sheet User Guide in order to understand the terminology below and to receive the maximum benefit from your subscription. Enjoy!


"FULL-SERVE" STALK LIST



IVGN - Invitrogen

  • Industry - Biotechnology & Drugs
  • Side - Long
  • Shares - 150
  • Stalking since - January 8
  • Timeframe - 3 - 10 days
  • Trigger - 93.35
  • Target - new highs (will trail stop)
  • Stop - 90.67
  • Notes -
      • IVGN has pulled back to the 50-day MA in a tight trading range.
      • There are no signs of heavy selling during the consolidation.
      • The lows of 1/3 and 1/4 undercut the prior low of 12/18. This type of action usually shakes out the weak longs and lifts the stock higher.
      • The buy entry is over the high of 1/7 and the 20-day EMA.
      • The stop is placed beneath the low of 1/7 and the 50-day MA.
      • Trade expectations - Look for IVGN to close above 94 and test the prior highs of December.
    "SELF-SERVE" STALK LIST - UPDATED EVERY MONDAY (Click here to view the "Self-Serve" Stalk List section of the user guide.)

      LONG WATCHLIST AND TRIGGER PRICES

      Pullback entries - (changes to trigger prices are highlighted in red)

      New setups

    • DO - 137.00
    • VIP - 41.31
    • NBL - 79.65
    • GOLD - 37.70
    • PAAS - 35.51
    • MBT - 97.21
      --------------------------------
    • MUR - 83.51
    • QGEN - 22.41

      Breakout entries - Higher failure rate in weak markets

    • ONXX - 59.70
    • BVN - 64.20

      SHORT WATCHLIST AND TRIGGER PRICES

    • We will list setups if/when they develop


    Daily Stalk Summary

    Below is an overview of all "full-serve" open positions, as well as a performance report on all "full-serve" positions that were closed only since the previous day's newsletter. Net P/L figures are based on the $100,000 Stalk Sheet model account size. Changes to open positions since the previous report are listed in red text below:

      Open positions (coming into today):

        UTHR long (100 shares from Jan. 3) -
        bought 100.58, stop 97.55, target new highs, unrealized points = + 2.57, unrealized P/L = + $256

      Closed positions (since last report):

        UPL long (125 shares from Dec. 28) -
        bought 69.91, sold 71.49, points = + 1.58, net P/L = + $195

      Current equity exposure ($200,000 max. buying power):

        $19,251


      Notes:

      • Per intraday e-mail alert, we sold UPL for a small gain.


      Market Conditions / Gameplan:

      Market should be in bounce mode after yesterday's intraday bottoming action.


      Market Leaders:

        Monitoring the price action of leading stocks is the best way to gauge the health of the market. This list of leaders is updated every Monday.

          Leaders - TRA, AGU, ATW, MON, SVNT, MOS, OXY, CF, HOLX, MUR, DO, CBI, RIG, HES, MTL, UTHR, ONXX, BMRN, POT, UPL, NBL, GG, BVN, ABX

          Leaders at/near the 50-day MA (a key institutional support level) - MA, MR, AMZN, AAPL, SPWR, OSIP, EDU

          Leading stocks breaking the 50-day MA - CMG, GOOG, ISRG, BIDU, SOHU, RIMM, DECK, GME, MICC, FCX, CME, DV

        Notes on leaders:



      Open Position Detail:

      • UTHR - Sold off in the afternoon. No change in stop.


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      Please check out the MTG Stalk Sheet Subscriber Guide to learn how to get the most from your subscription.

      Edited by Deron Wagner,
      MTG Founder and Head Trader

      DISCLAIMER: There is a risk for substantial losses trading securities and commodities. This material is for information purposes only and should not be construed as an offer or solicitation of an offer to buy or sell any securities. The Company and/or its affiliates, officers, directors and employees may or may not buy, sell or have a position in the securities discussed in The MTG Stalk Sheet and may profit in the event the shares of the companies discussed in The MTG Stalk Sheet rise or fall in value. Morpheus Trading, LLC (hereinafter "The Company") is not a licensed broker, broker-dealer, market maker, investment banker, investment advisor, analyst or underwriter. This discussion contains forward-looking statements that involve risks and uncertainties. A stock's actual results could differ materially from descriptions given. The companies discussed in this report have not approved any statements made by The Company. Please consult a broker or financial planner before purchasing or selling any securities discussed in The MTG Stalk Sheet. The Company has not been compensated by any of the companies listed herein, or by their affiliates, agents, officers or employees for the preparation and distribution of any materials in The MTG Stalk Sheet. Past performance never guarantees future results.

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