Johnathan,
CIEN has been on our list for the 9 months we have been involved with this market. The problem is, we can't play them all. The "Q" is the new offering that will emulate the SPY only represent the top 100 NASDQ holdings, and will be a Mutual fund type investment with the difference being you will be able to trade at any time of the day, not have to wait for close of business to buy or sell like you do with the mutual funds. It will be a very interesting play, at least at the beginning, and could result in owning a large percentage of the stocks we follow in one issue. The movement on this one could be huge!!!
This is not available yet, but will be soon, and I will be looking at the stocks they represent as potential plays and also the fund itself as a way to invest in many of our companies in one issue. The price of the fund will be 1/20th of the total of the NASDAQ and will move accordingly. I want to see the companies they consider the top 100 before I do anything, but I believe many of our companies will be in it. The approximate $100 per share price will be a bargain, with the right companies involved, and a $10,000 investment could produce some good rewards. On the other side of the coin, if the market does get hit, a lot of the companies we are watching, if they are included in this, are near the bottom now, and will not effect the overall price that adversely, so the downside on this could be very limited. I would consider buying down on the issue so as to average the cost per share down, but if the market does go up, NASDQ 3000 would be a reasonable price by the end of the year, and this is a 40%+ gain with little risk, unless the market folds completely.
All of the above are just thought so far, I would like to see the companies they are including and how they effect the overall price of the issue before I do any investing.
Have a great day, and if I see you on line I'll give you a call.
Charlie |
