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Wednesday, May 28, 2008

Time 10:35

Stocks: SNDA, GENZ, CTXS

All Major Alligator sell signal on the. Stocks gapped lower and have rallied up at 10:30. Short 1/2 the position now and 1/2 @ 11:30. Cover by the close if not successful. SNDA had a bad EPS reaction. The other two have no fundamental reasons that I can find for the opening weakness. This is a bit of an experiment. I believe we can trade alligators up or down on a daily basis.

Correction: I just read that CTXS had a Cowen conference this morning and the reaction wew are seeing must be related to that.

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