Tech ETFs Follow Through
The tradable tech funds followed
through Friday, led by the Internets.
The Internet Infrastructure
(
IIH |
Quote |
Chart |
News |
PowerRating)
moved ahead 6.5%, the day’s sharpest gain among the exchange-traded
funds.
Component stock E.piphany
(
EPNY |
Quote |
Chart |
News |
PowerRating)
soared 38.8% on five times its usual trade. The advance came after the company
reported a loss of 17 cents a share in the third quarter vs. analyst estimates
of a loss averaging 32 cents a share, according to First Call/Thomson Financial. The
company also announced a three-for-two stock split. Among the HOLDR’s other
components, Kana Communications
(
KANA |
Quote |
Chart |
News |
PowerRating) shot up 36.3%, Broadvision
(
BVSN |
Quote |
Chart |
News |
PowerRating)
12.1%, Inktomi
(
INKT |
Quote |
Chart |
News |
PowerRating) 9.6%.
The Broadband HOLDR
(
BDH |
Quote |
Chart |
News |
PowerRating) rose
5.1%, the B2B HOLDR
(
BHH |
Quote |
Chart |
News |
PowerRating) 3.9%, the Dow Jones Internet iShares
(
IYV |
Quote |
Chart |
News |
PowerRating)
3.8%, the Internet HOLDR
(
HHH |
Quote |
Chart |
News |
PowerRating) 2.4%.
This trading action is encouraging.
However, the stocks within these battered groups must recover a great deal more
before I would consider them for intermediate-term trades. See what I’m looking
for in the charts of these stocks, check out my Trading
The News commentary.
If you’re new to exchange-traded funds,
be sure to visit TradingMarkets’ Knowledge Center,
dedicated to explaining the basics of trading and active investing in ETFs and
mutual funds. Just click on the Funds tab
near the top of this page, then click on the Knowledge
Center tab.Â
You also will find lessons on trading
exchange-traded funds in the Stocks Education area of TradingMarkets.com. In
particular, check out my three-part series on trading ETFs, starting with
Average Crossovers. I also recommend newcomers read my tutorial,
HOLDRs: Unique Opportunity And Risk.