The exit window is open for Hi-Tech seasonal trades. At the close of May 19th, another ETF made use of the opening.
- Exit PNQI – PowerShares NASDAQ Internet – at or around 61.95, the close on May 19th
So far, this year has not been too good for these Internet related trades. PNQI trade lost -12.3% in 67 days. On the positive note, this is the first losing trade for PNQI in five years, though, the loss dropped the average return to 8.9%.