Stockchase Opinions

Peter Brieger iShares Dow Jones Technology E.T.F. IYW-N PAST TOP PICK Apr 04, 2007

(A Top Pick Jan 15/07. Down 3.6%.) High tech was supposed to come into favour, but hasn't yet. Still a Buy.
$54.860

Stock price when the opinion was issued

E.T.F.'s
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TOP PICK
One of his favourite analysts has gone bullish on technology. This is a convenient way to buy into the sector.
TOP PICK
Chart looks like it is breaking out. Has pulled back a bit, but based on his analysts’ findings, tech is the place to be and this is a convenient way to play it.
COMMENT
Some pretty strong earnings coming out of the technology sector this week. If you believe in technology, this is not a bad place to be.
TOP PICK
204 holdings. 52% of the portfolio is in tech stocks. Huge amount of exposure to foreign earnings.
PAST TOP PICK
(A Top Pick Jan 15/07. Up 16.6%.) Still buying for new accounts. Likes the tech sector generally. Pre-tax earnings coming from the foreign sector is in excess of 60%.
PAST TOP PICK
(A Top Pick Feb 7/07. Up 14.3%.) Still likes and is buying for new accounts. Strong Cdn$ hurt.
BUY ON WEAKNESS

Tech ETF. Market Capitalization weighting. A diversified way to play the sector, but it is not that cheap right now. He would want to see a correction before you jump in.

COMMENT

This is one of the better ETF’s in pure play technology. It is based on the Dow Jones indexes series of indexes, but it goes from large all the way down to smaller cap type holdings. This one is the broadest measure of holdings that you can get, and probably the better way of playing it.

BUY
Tech stock seasonality? October to end-January, but is also doing well outside this seasonality. So, tech will do well into March; tech has momentum. IYW's chart looks very positive with all-time highs now. Don't exit until the price weakens; use tight stop losses.