The MTG Stalk Sheet
March 4, 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


NIHD - NII Holdings

  • Industry - Communications Services
  • Side - short
  • Shares - 200
  • Stalking since - March 4
  • Timeframe - 5 - 20 days
  • Trigger - 39.09
  • Target - new 52-week lows
  • Stop - 41.01
  • Notes -
      • NIHD has been consolidating in a tight range near the lows over the past six weeks.
      • There are three days of heavy distribution within the consolidation - 2/5, 2/14, and 2/27.
      • We are looking for a breakdown of the tight three day range for a short entry.
      • The stop is placed just above the two day high plus some wiggle room.
      • Trade expectations - Look for a selloff to test the prior lows around 35 at the very least.
    "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 - (changes to trigger prices are highlighted in red)

      Pullback entries - (2-5 day pullbacks)

      New setups

    • HES - 95.01 & 95.87
    • ILMN - 73.60
    • AKS - 53.11
    • RIG - 140.75
    • SGR - 64.55
    • SNDA - 35.70
    • RS - 57.11
      ----------------------------------------
    • SID - 39.20
    • HPQ - 48.12

      Breakout entries (typically trigger over a tight trading range)

      New setups

    • SVNT- 23.45
    • CMP - 60.11
    • FLS - 112.01
      ----------------------------------------
    • GDX - 54.61 (triggered 3/3)
    • WMB - 37.15
    • IMCL - 46.01

      SHORT WATCHLIST AND TRIGGER PRICES

    • STP - 36.35
    • CHL - 73.49
    • NIHD - 39.13
    • HAR - 41.49 (gapped down beneath entry)
    • SVVS - 19.09 (triggered 3/3)
    • EQIX - 68.39 (triggered 3/3)
    • UTHR - 82.84 (triggered 3/3)

      Note - Be sure to check for earnings dates before entering setups from the self-serve list over the next few weeks.


    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):

        CG short (175 shares from Feb. 22) -
        sold short 74.47, stop 77.01, target 69.25, unrealized points = + 0.13, unrealized P/L = + $19

        JRJC long (200 shares from March 3) -
        bought 19.98, stop 18.24, target 25.80, unrealized points = (1.03), unrealized P/L = ($210)

      Closed positions (since last report):

        GOLD long (200 shares from Feb. 26) -
        bought 49.79, sold 53.20, points = + 3.41, net P/L = + $678

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

        $16,800


      Notes:

      • Per intraday email alert, we sold GOLD to lock in gains.
      • Per intraday email alert, we bought JRJC on a pullback from Friday's breakout.


      Market Conditions / Gameplan:

      The S&P 500 appears to be forming a trading range from 1,316 to 1,396 on the daily chart. If the lows of the range hold, then we could see a test of the highs of the range to follow.


      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 - ACI, AEM, ANR, BVN, BMRN, CF, CLF, CHK, CNX, DBA, DBC, DVN, EOG, FCL, GOLD, IGT, MEE, MOS, MTL, OI, PBR, POT, PRGO, RRC, SID, SLV, SPW, USO, WLT

          Leaders at/near the 50-day MA (a key institutional support level) - AG, MON, HES, VAR

          Leading stocks breaking the 50-day MA (last week) - CMED


        Notes on leaders:



      Open Position Detail:

      • CG - Still holding below the hourly downtrend line. No change in stop.
      • JRJC - Just avoided stopping out. 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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      All Rights Reserved



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