Premarket buzz

Premarket open, the DOW and S&P 500 futures are both just above fair value while the nasdaq is just under. This indicates a mixed open with the DOW and S&P opening slightly higher and the NASDAQ opening slightly lower. With an hour to go before open these could obviously change. As for my positions, GERN is set to open below yesterdays close. I will close out at 7.50. While im not selling at the highs, i gave the stock room to run, and now it looks to be coming down. If it opens above 7.50, i will take half the position off the table and close the other half at mystop. EQ and TTI both have a bid ask spread that surrounds yesterday's closing price. This indicates a relatively flat open in each. To put these trades in perspective, EQ closed at resistance yesterday (both horizontal and verticle) so it will be interesting to see how price responds today. TTI is much the same, closing at horizontal resistance. Im raising my stops in each of these to $35.50 for EQ and 4.75 for TTI. In general i need to reduce my position size in EQ. The stock currently holds half my portfolio value, and so it needs to be lowered. I am adding in a rule that no stock can represent more than 20% of my total account value. This will be reduced as the portfolio value increases.