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First Trust ISE Cloud Computing ETF Message Board

  • keeve06 keeve06 Jul 11, 2011 1:28 PM Flag

    SKYY is a Yes but not now...

    SKYY is a YES for your portfolio but not now...

    Needs to drop by 30% to make it a good Buy.

    REASON: All of SKYY's components are at their Highs. Also take into consideration its expense is .60% while XLK and ETF that tracks Big Cap High Tech has an expense ratio of 20% and also pays a 1.20% Dividend.

    RATIONAL: SKYY original list price was $20.00 when its components were at their market highs so a good entry point would be on a 20 to 30% pullback or $14.00 to $16.00.

    But then again current pricing may hold up if the Could Computing trend is as hot as some say.

    Will buy in almost at any price if OPTIONS are approved for Trading.

34.00+0.34(+1.00%)Sep 27 3:58 PMEDT