Here we go AGAIN ???

Futures are in tailspin again.........accross the board......

I have no idea why.....maybe same old same old????

I get UP around 4 AM and go to bed again @ 630AM...just got UP @ 8.45 AM.....sorry that is the schedule I am used to.....so I will do my best for this pre-market report..so it will be more like 9AM report from hereon.......

Everything is down again accross the board.....GOOG,BIDU,RIMM,AAPL,VMW.....to name a few...

JASO is taking on the chin this AM...on their ER..down $11 @ last check.....

So what we take from this market conditions.......

Manage your risk well....do not overdo in terms of exposure.....

Remember I took 33 % equity out of the market in the last 6 weeks......which is giving me lot of comfort....also not putting anymore in this market....managing what I got...means..sell something to buy something.....

Remember my trading account has everything converted into US$...gave me more equity in my account..which I only can see when my account is updated next AM.....gave me equity equal to .8% again....so my loss from yesterday was 5.1%...not a major change but still helps me big time.......

Canadian $ is down again against US$...so I will be helped again in equity.....

So what is my advice for open.......

Sell weak stocks and buy bargain stocks like RIMM,AAPL,VMW type..which are on-sale AGAIN....

Buying strong stocks which are leaders in their field will be the first one to recover in any rally......imho.....

Good luck on your OWN strategy and comfort level....know what you buy FA & TA wise.....and spread the $ in many stocks...because I do not know ever..which stock will turn UP first.

BLOG does not give buy or sell.

Saleem