Now that we've got a few months of trading of the SKYY ETF in under our metaphorical belt, it's interesting to see that it has dropped in price from a high of $20.58 to a low of just over $15 a share. It's currently trading at $16.97 (as of approximately 11:30AM Eastern time on Nov. 25, 2011).
The market for cloud based services doesn't seem to be slowing down. Google insight shows that searches for IaaS and PaaS still appear to be growing though those for SaaS may be waning a bit as it is a more mature market than either of the other two.
Maybe it's related to overall global market conditions, to the state of US government finances, or the performance of the tracked stocks but,ether way, it's not looking good for SKYY or its initial investors if they held it in their portfolio beyond the first week.
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