Closing Out IGV Recommendation

At this time, I'm closing out my recommendation to buy iShares Goldman Sachs Software Index (AMEX: IGV). The software sector and the Nasdaq in general have encountered some significant resistance. Today IGV closed at 42.65. Based on IGV's price at the time of my original recommendation of 38.19, this represents a very respectable 11.7% gain in just 7 weeks.

At this moment, I am still holding the line on my recommendation to buy Nasdaq-100 Tracking Stock (Nasdaq: QQQQ). But, it is also starting to show some weakness. Check back here for a future update.

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