Stock price when the opinion was issued
This is riding a monster trend and now you need to focus on managing your potential downside. Technology is non-mean reverting sector which is great, but the price is at very high valuations now. You may consider setting stops, but would continue to hold. Remember this sector dropped 90% on a sell off back in 2000.
Doesn't own it, but uses it as a benchmark to gauge his performance. You're probably going to get a pullback.
Given that it's such a large ETF, you might want to write some calls on it just a bit higher, and manage it as you go through. Roll up once it gets to the price target. Don't write the call too far out but, say, 1 month out.
This has all the big names. What’s not to like? It is the best sector in the S&P 500 combined with a 10-basis point management fee. Technology is delivering incredible earnings growth, so you are going to have a high P/E ratio. However, in a larger context, this P/E ratio is not crazy for what you are getting. He likes it.