Seeking Alpha
Long/short equity, tech, ETF investing
Profile| Send Message| ()  

Interesting analysis from David Fry, founder and publisher of The ETF Digest, arguing that the Internet sector is not yet a buy on technical grounds. (The only exchange-traded fund that covers the Internet sector is the Merrill Lynch Internet HOLDRs, ticker HHH, but crucially it fails to include Google which accounts for a large slug of the sector's performance and has been one of the best performing Internet stocks this year.) Here's Dave's annotated chart:

Internet stocks chart

Related:

  • All Internet Stock Blog articles on Google.
  • ETFs mentioned in this article (clicking on a link pulls up articles for the ETF in question): HHH.
  • The complete list of Internet stocks (and links to articles about them) covered by The Internet Stock Blog.
  • The complete list of funds (and links to articles about them) covered by ETF Investor.

« Any opinions expressed on the Seeking Alpha sites are those of the individual authors and do not necessarily represent the opinion of SeekingAlpha or its management. »

Source: Internet Sector Not Yet a Buy? (ETF: HHH)