Nice piece. I wonder though, if you don't want to be long Apple, why be long the QQQQ? Its single largest component is Apple, which was 13.31% of its overall portfolio at the end of Monday's trading. If you don't want to be long Apple, then I suggest an alternative tech ETF. XLK, which you mentioned, would be a good alternative based on your argument, with Apple only 7% of its portfolio, behind MSFT, AT&T and IBM.
Also, the QQQQ holds many names that aren't tech companies - it's actually not a tech pure-play at all. Again, this would favor your being long XLK and not QQQQ. Personally, I like QQQQ as an alternative to the S&P 500, with its heavy but not exclusive emphasis on tech, the last thing America still produces and exports the world over.
10 Reasons Not to Buy Apple [View article]
Also, the QQQQ holds many names that aren't tech companies - it's actually not a tech pure-play at all. Again, this would favor your being long XLK and not QQQQ. Personally, I like QQQQ as an alternative to the S&P 500, with its heavy but not exclusive emphasis on tech, the last thing America still produces and exports the world over.
Universal Music Group Readies DRM-Free Music, Sans iTunes [View article]
Web browser Firefox 2.0 or higher (Mozilla) gives you an across-the-board spell check feature.
Best,
Jonathan Liss
Seeking Alpha