The MTG Stalk Sheet
April 23, 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

There are no new setups today. We are currently flat heading into the meat of earnings season, after locking in strong gains over the past two weeks. If anything catches our eye while scanning intraday, we will promptly send an alert.

"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

We will update the list as setups develop (in stocks that do not report earnings during the next two weeks).

Breakout entries (from cup and handles, bull flags, flat bases,and downtrends)

New setups
GS - 182.01
IBN - 44.51
DBC - 39.52
-------------------------------------
PRGO - 41.05 (earnings 5/8)
TCK - 48.01 (triggered 4/21)
HXM - 64.21 (triggered 4/21) - earnings 4/23 after the close
RIMM - 125.11 (triggered 4/21)
Note: Check earnings before entering new positions over the next few weeks.

SHORT WATCHLIST AND TRIGGER PRICES
MDP - 36.32 (triggered 4/22) dropped 13% yesterday
BCSI - 19.18 (triggered 4/21)

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):

Closed positions (since last report):

net P/L = + $985

net P/L = + $772

net P/L = ($290)

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

Notes:

Per intraday email alert, we sold MTL to lock in a near $1,000 gain.
Per intraday email alert, we sold RIO into strength ahead of earnings.
Per intraday alert, we added to RIMM on a pullback to the hourly uptrend line and the 20-period MA. RIMM sold off pretty hard in the early afternoon and triggered both of our stops, so we are now flat the position. RIMM has been very choppy and tough to trade over the past few weeks, as each breakout attempt has failed to follow through (4/3 & 4/21). We will keep an eye on the action for a possible re-entry point.

Market Conditions / Gameplan:

We are patiently waiting for stocks to pullback to support or breakout/gap up from earnings to establish new positions.
Market Leaders:
- none
Open Position Detail:
- flat
Click here for a free trial to Morpheus Trading Group's other newsletter services.

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.

Copyright © 2002 - 2007 - Morpheus Trading, LLC
All Rights Reserved