PureFunds ISE Cyber Security ETF (HACK)

[catty]

I wonder if the latest Cyber ETF Direxion IPO has any affect on HACK stock

[x1power]

Add Wed 3 'problems' to your post.
Seems O-bomb has declared no terror attack apparent.

Another view: we just tested a mock-up attack on USA stock exchanges.

Yet another viewpoint: NYSE level 3 trading access noted DOW heading below 300 points value . . . and everyone decided to 'can' the feed to prevent panic selling.

The Asian Effect could continue down pressures on all markets.
China just shot itself in the foot . . . as suitable contender
for acceptance for place to trust and invest in.

Problem now becomes . . . where to buy in, for both foreigners and domestic small fries.

Probably can indeed safely be assumed Chinese hackers would not have attacked their own market, nor USA and other Asian markets.

Private and Public News TV channels had segments today on cyber security. HACK needs to call and explain to media who they are, etc.

[fishticles]

Is this considered a cyber security issue?

FBI: Sacramento area internet outage result of 'vandalism'

According to Wave Broadband, in a message posted on their website, three fiber optic cables "connecting the region have been physically severed in what appears to be a coordinated attack on multiple internet carriers beginning at 4:20 a.m. Tuesday morning."

What a bunch of jokers!

[catty]

fish: I know

[fishticles]

That's the thing about this ETF. Bad news = good news for HACK ETF.

[catty]

They were talking about cyber hacking the grids this morning on CNBC - this could have catastrophic effects ... the govt. has to work with private companies to avoid this possible disaster. Should be good for HACK

[catty]

TheMonolith: Thanks, I feel a lot more confident now - However I can't seem to download their complete holdings.

[TheMonolith]

FEYE is the 18th largest holding, but could easily move into the top 10 on a surge in price. It's been the #1 holding at one point. You can d/l all holdings just below the top 10 listed.

[catty]

TheMonolith - I can't believe they don't have FEYE in their holdings. I'm disappointed - hopefully they'll add it when they reassest their holdings in July.

[TheMonolith]

You can view the holdings here.

http://www.pureetfs.com/etfs/hack.html

Welcome to the board and the position catty!

[catty]

Crusader: Thanks. I'm partial to ETFs - what's more I'm sure HACK includes a large portion of FEYE.

Another ETF I love is IBB - (Biotech)

[Crusader]

Good timing there on today's dip,

And great diversification move.

Good luck!

[catty]

Just switched my FEYE stock into HACK

[Crusader]

Those indicators make sense after last 90 days,

HACK is up well over 10% and has gotten to over 100% the "growth multiple" of the SnP 500.

On the other hand, this ETF gets rebalanced in June and December. Like the DOW, they may dump the under performers and add some ringers on the rise. That should stop a correction or delay one until July, unless the entire stock market crashes after the QE experiment is sapped.

[fishticles]

I enjoy your optimism! But according to RSI and MACD, seems like SP is set for a correction. But hey, I'm looking for an entry point so I don't mind :D

[Crusader]

Stocks can correct by price or time!

Looks like a time correction here at about $33 pps for a few days.

This is healthy for this Cyber Security sector ETF.

[bonneville750]

Warsaw airport hacked
http://www.msn.com/en-us/news/world/hackers-ground-1400-passengers-at-warsaw-airport/ar-AAbVojM?ocid=SMSDHP

[ddabetsmallwinbig]

The-Billion-Dollar-Bet-That-Better-Software-Can-Stop-Hackers

(Bloomberg) -- About the only thing rising as fast as online mischief is the stock of firms trying to thwart it.

Companies from FireEye Inc. to Palo Alto Networks Inc. have taken off in 2015, extending the gain in a four-year-old index tracking network security firms past 200 percent. An exchange- traded fund tied to the shares just surpassed $1 billion in market value, having doubled in size since the start of April.

Online intrusions such as last week’s breach of confidential government employee records have fanned cyber paranoia, boosting spending on network security and making darlings out of companies with a hand in safeguarding digital data. The theme is starting to feed on itself among investors afraid of being left out.

“This is an industry where the higher the price goes, the more attractive it becomes to people,” said John Manley, who helps oversee about $233 billion as chief equity strategist for Wells Fargo Funds Management in New York. “It’s been a herd mentality in these stocks as these companies offer a level of security that wasn’t offered before.”

A 26 percent gain in 2015 and a frenzy of investor inflows swelled the market value of the PureFunds ISE Cyber Security ETF past the $1 billion threshold on Tuesday. That’s up from $107 million at the start of the year and $494 million at the end of the first quarter. The fund climbed 1.1 percent at 4 p.m. in New York.



Sales Growth



While the median stock in the ISE Cyber index trades at 24.6 times analyst earnings estimates, only 18 of the 30 companies are profitable -- although the number is projected to climb to 25 in the next 12 months, data compiled by Bloomberg show. The multiple compares with 17.6 times forecast income in the S&P 500.

“Most money managers are at least conscious of valuations, but 24 times doesn’t seem excessively high for the sector’s growth potential,” said Terry Morris, a senior equity manager who helps oversee about $2.8 billion at Wyomissing, Pennsylvania-based National Penn Investors Trust Co. “It’s not particularly vulnerable at current levels.”

Just over 3,000 data breach incidents happened worldwide last year, exposing 1.1 billion records, with 97 percent related to either hacking or fraud, Goldman Sachs Group Inc. chief U.S. equity strategist David Kostin wrote in a June 12 note. Last week, a government worker union said hackers stole data and Social Security numbers for every federal employee.



‘Arms Race’



“It’s almost an arms race between the hackers and the companies trying to stop being hacked,” Michael Ball, president and lead portfolio manager of Colorado-based Weatherstone Capital Management, which oversees $725 million, said in an interview. “Companies are willing to step up budgets to make sure the data stay secure.”

The median company in the ISE Cyber Security Index is expected to boost sales by 14 percent in 2015, according to data compiled by Goldman Sachs and Bloomberg. That’s more than three times the forecast revenue expansion for a broader group of U.S. technology companies, the data show.

A May survey by Goldman Sachs showed cash will continue to flow to the group, with almost 60 percent of respondents expecting a minimum 5 percent boost in security spending.

The fervor exceeded investor enthusiasm for drug developers, a group of companies so hot that Federal Reserve Chair Janet Yellen has twice called them out on valuation in the last year. The Nasdaq Biotechnology Index has risen 21 percent in 2015, trailing cybersecurity by 5 percentage points.



Broad Buying



It’s not just a few companies carrying the ISE Cyber Security Index higher. Twenty-seven out of the gauge’s 30 stocks have gained this year, as FireEye and CyberArk Software Ltd. led the way with gains of more than 68 percent.

The broad-based strength isn’t surprising to Manley, who says it’s common for investors to ride momentum by buying swaths of shares across multiple companies.

The group of companies will be evaluated as time passes, and the ones “doing something truly innovative and unique and differentiated” will retain their valuations, according to Mike Gregoire, chief executive officer of CA Inc., a maker of software for managing information technology.

For the time being, however, the entire group will continue to benefit, said Gregoire, speaking Tuesday at the Bloomberg Technology Conference in San Francisco.



Shiny, Unique



“We’re pendulum swingers,” Gregoire said. “When something is new and shiny and unique, it gets a high valuation.”

As the data breaches mount, large technology companies are looking at smaller data security firms as potential acquisition targets, FireEye Chief Executive Officer Dave DeWalt said in a May interview. Companies from Cisco Systems Inc. to Google Inc. are interested in one of the “fastest-growing, hottest” information-technology markets, he said.

Stock investor interest in the space has extended to the options market. Contracts protecting against a 10 percent decline in the exchange-traded fund tracking the ISE Cyber Security Index cost 27 points less than those wagering on a gain of the same magnitude on June 4, according to three-month data compiled by Bloomberg. That was the lowest level for the relationship known as skew since the ETF started trading in November, the data show.

“Investors are looking for a vehicle” into the stocks, Manley said. “This space is appealing right now.”

[TheMonolith]

I would target around mid 32's.

[iDoubt]

I see that this has been running up recently. Is it still a good buy at this price point? I see a lot of upside potential in cyber security but would like an opinion of those who've held this ETF for a while now.

[Crusader]

HACK co-founder interview from CNBC:

He is also the HACK ETF CEO:

http://video.cnbc.com/gallery/?play=1&video=3000390069

Healthy price pause in trading today, IMHO.

[Crusader]

70 million Americans with stolen information in 2014:

Many, many from data breaches:

http://www.consumerreports.org/cro/news/2015/05/70-million-americans-report-stolen-data/index.htm

The demand for security software is critical and growing!

http://www.nytimes.com/2013/02/19/technology/chinas-army-is-seen-as-tied-to-hacking-against-us.html?_r=0

[Crusader]

Goldman has HACK as a Buy:

"...The PureFunds ISE Cyber Security ETF is up 20 percent this year and was at a record Monday, boosted after every dip by another security breach against a company or government. CNBC Pro offered bullish analysis of the ETF at the start of April.

Goldman Sachs sees that trend continuing as the investment bank noted that last year "3,014 data breach incidents took place worldwide, exposing 1.1 billion records," up 25 percent year over year..." CNBC

[Crusader]

Why was the close so weak today?
D/K
Compared to the general market?

TA?
Price close- 33.47
50 DMA- 30.43
100 DMA- 29.14

OBV: killer with black indicator(buying volume) parabolic above the red(selling volume).

What me worry? Not now...

[TheMonolith]

I don't think this run ends until FEYE and CYBR are triple digits. Corrections along the way, but the public is probably just now starting to get in and will take a few months.

[bonneville750]

You can slap the ask, or chase the bid. I don't see a pull back anytime soon.

[fishticles]

Thinking about firing a bullet when there's a pullback. What does everyone think a good entry price is in the next 2 weeks?

[Crusader]

15 minutes to go on FOMC announcement,

and I think the S&P closes down and HACK closes UP!

[Crusader]

Wonder if we are FOMC proof?

HACK IS AN EQUITY, but it is one hell of a good one for the current environment in cyber space. I AM MAKING IT A LONG TERM HOLD, BECAUSE HACKERS ARE HERE TO STAY- ESPECIALLY THE STATE SPONSORED DEVILS. HOPE NONE OF THE STOCKS IN THIS ETF ARE CAUSING OR ALLOWING HACKING OF THEIR CUSTOMERS. ;))

Here are some of the best and most trusted soft wares:

http://anti-malware-software-review.toptenreviews.com/

[TheMonolith]

HACK Alpha - Cyber Wars Part I

http://stockcharts.com/freecharts/perf.php?HACK,SPY&n=85&O=011000

[x1power]

I doubt USA will conduct counter intelligence missions against the likes of China. They do not probably do anything about cyber-security attacks from lessor groups and national powers. Note that tax-payers are now being billed as the payer of last resort.
We become both the payee and the payer.

For sure USA has made itself look like fool boys in other countries eyes. Even ISIS calls us out, and tells us they will be attacking us and Israel and EU and Jordan + Saudis soon.

Attack is apparently now still on-going and administration has no policy to stop it. Only way is to right now take USA government websites off-line and shut down certain government systems servers, to traffic. The great threat is that there are still silent (dark) SW viruses within our governmental data centers memory banks; pre-placed by those who illegally accessed our data systems.

Very serious information has been stolen, about data of individuals in government employment, around the world. This comes down to warfare attack and no one seems able to comprehend how to response (except in kind). This represents a worse situation than MAD nuclear balance strategy, Soviet Union and USA developed to prevent first strike nuclear attacks like Pearl harbor in 1941.

Expect DC to fund tens of $Billions of new cyber-security buys, to counter this method of silent warfare.
If China is involved (and nothing happens there without Com Party permission), this could have serious effect of commerce and agreements between China and USA.

Hack stock should be steadily rising in price, due to retail and hedge funds purchases (we are now over $1 Billion in total assets in HACK ETF stock ownership). I suspect more retail investors in HACK.

There exists a dramatic effect potential on USA economic activity IF this current cyber-security threat continues . . . it could also contribute to a slowing of economy activity worldwide.
For example, currency exchange functions are basically electronic transfers. Any disruption of this system, could lead to who knows where. All nations would be harmed.

Say your prayers and pass the anti-virus software?
At a minimum . . . we will soon see finger print ID verification
and dedicated random number generator each time usage chips . . . installed on our computers and payment terminals. Have a nice day in the electronic Black Rain!

[TheMonolith]

Damn! Every Federal employee, including some past.

[bonneville750]

Federal Gov. hack worse than originally reported. 14 million Federal employees and 4 million retired Federal employees information stolen. US officials weighing responses from counter intelligence to destroying hacker's servers. (source; Seeking Alpha}

[x1power]

Economic Warfare is now transitioning into electronic cyber-warfare. Snowden did us all a favorite by showing how defense-less ever nation, business, and individual is now and vulnerable to loss.

Insurance companies will have to start learning how to write cyber-security policies. The curse of 'progress' is chaos. Thus evolution happens.

HACK ETF is (right now), the best way to play cyber-security long-term.

[TheMonolith]

Got HACK? Get ready HACK holders. Going to be a fun ride!

“The House of Representatives has sought to strengthen our cyber defenses by approving the Protecting Cyber Networks Act, and the Senate urgently needs to pass the bill.”

“The cyber threat from hackers, criminals, terrorists and state actors is one of the greatest challenges we face on a daily bases, and it’s clear that a substantial improvement in our cyber databases and defenses is perilously overdue. That’s why the House moved forward on cybersecurity legislation earlier this year, and it’s my hope that this latest incident will spur the Senate to action.”

http://www.theguardian.com/technology/2015/jun/05/us-government-opm-hack-data-collection-powers

[x1power]

HACK might as well include Russian, Chinese, etc. state cyber-security companies in its portfolio, they seem to take cyber-security seriously?

Next, Congress will get hacked . . . just to show our repress that they know about their personal dark data?

Never seen the USA fall apart like this . . . cyber-security must be on their distant back burner.

IF cyber-security is the new technological challenge field . . . its looking like 1957 Sputnik Debacle all over again.

Expect big emergency catch-up budget additions in government and private business (tax credit rebates for cyber-security spending).

Got HACK ETF?

[fishticles]

Can't believe it took me this long to think about investing in cyber security... Global exposure is the main draw for me. Will be getting in soon.

[ddabetsmallwinbig]

US officials: Massive breach of federal personnel data

WASHINGTON (AP) — The Obama administration is scrambling to assess the impact of a massive data breach involving the agency that handles security clearances and employee records, U.S. officials said Thursday.

A congressional aide familiar with the situation, who declined to be named because he was not authorized to discuss it, said the Office of Personnel Management and the Interior Department were hacked. A second U.S. official who also declined to be identified said the data breach could potentially affect every federal agency.

The White House was considering a public announcement of the breach Thursday night or Friday morning, the second official said.

The Office of Personnel Management is the human resources department for the federal government, and issues security clearances.

In November, a former Department of Homeland Security official disclosed another cyberbreach that compromised the private files of more than 25,000 DHS workers and thousands of other federal employees.

The OPM conducts more than 90 percent of federal background investigations, according to its website.

[TheMonolith]

What a day, and look at that volume!

[x1power]

IRS had revealed to congress committee that professional criminal organizations are using individual face book account info tweets, as a way to help in obtaining personal individual data to be used in applying for next years tax refunds. They seem to be using personal tweet content, that can be matched to security questions that the individual might use. You can't fix dumb?

Thus I say . . . buy HACK ETF . . . it can serve a dual purpose . . . and operate as a back-up personal theft policy as its stock price increases, due to cyber-security attacks. Who would have thought? <---what this means is one can sell the appreciated profit in the stock quite quickly for emergency accessible cash (as your personal insurance claims, usually take some time to process}.
Our HACK ETF profiting potential might just be better set-up than buying junk food company stock. Who would have thought?

Have a nice day in the electronic black rain

[x1power]

More and more are less reliant on Advisors for their investment decisions, and real-time associative ads I thought might be way to get more awareness and interest in HACK ETF. Its the first time view that does seem to que the small investor to consider a buy.

A nice little sidebar that states something akin to

HACK ETF is a way to invest in current major and innovative cyber-security firms and their stocks. HACK is up X% since inception in 2014, and continues to adjust its firm count, internationally, looking for the best possibilities for appreciation.

It might not hurt to flash the sidebar a couple of times.

My point is to try and reach the casual investor real-time, as they watch the news and 'face book'.

Identity stealing is growing challenge and care for everyone, from professional to the little folk.

Interesting aside: paying with credit cards and check at your health-care provider and hospitals . . . is dawning significance source of cyber-security leaks of your personal data. It was stated person carting the info to the data thief, gets up to $50 or more/ targeted personal info sell. I do not understand why there is not a random scrambler chip on our credit cards, to hide out personal information.

Electronic networked health care was supposed to help lower out health care costs. Nothing is perfect and the hack goes on.

Buy HACK ETF to back-stop your person potential cyber identity losses . . . who would have thought? THERE . . . creep hacker thug . . . take that!

[TheMonolith]

It's been one of the most successful and innovative ETFS of the last couple years. I see articles almost weekly in professional publications or blogs. The advisor community will push it forward.

[x1power]

I think that will be smart move.
Biggest problem right now is getting the word out that HACK ETF is available to general public investors, as a very nice way to play the cyber security market. HACK might think about making an offer to various forms of media, that every time a cyber security incident happens, HACK gets mentioned in the article or a paid ad off on a side-bar? A whole lot better than just going on say CNBC as a quest?

YF has two artls. out today about cyber security issues, and ISIS is building a cyber attack force (looking to include potential religious converts that are computer science grads from EU and USA). It shouldn't take too much guessing to figure where that might be headed.

Few realize that WWIII can happen via cyber-attacks, and that second and third string players can carry out the attacks for the big players: plausible denial.

[TheMonolith]

Agreed. This should be a fantastic holding over the next 5-10 years. I am using this ETF as a satellite holding in my portfolio.

[x1power]

Unless you are quite successful short-term trading stocks and have a lot of time to constantly research this cyber-security sector . . . why not let HACK do the work for one?

HACK is alert to new IPOs and its staff appear capable of spreading the sector risk, across several foreign weighed cyber-security companies.

We have, as a planetary society, now reached the point wherein we cannot advantage out technological pyramid of progress, without a complete overhaul of our cyber-security systems.

I do not know how, nor desire to spend vast amounts of time, trying to guess who or where starling new cyber-security advantages will come from. The cyber-security industry is in its infant stage of development. Even the recent Amtrak train accident has cyber-security involvement: more cameras and mobile health-state monitors should be implemented, for example.

Present and future conflicts will involve increasing amounts of spending for cyber-security.

HACK ETF does seem to be the best way to ride all these unique and necessary facets of investing in cyber-security?
Try to name a company, that cannot have cyber-security protection needs in its future. Many $Billions will have to be spent, continuely to master this danger.

[ddabetsmallwinbig]

Verizon security hole exposed millions to attack
Verizon patched a security flaw this week after learning the vulnerability on its system could have exposed the personal information of 9 million customers.

The loophole left open credit card and bank information, Social Security numbers and more to visitors with spoofed IP addresses, according to BuzzFeed, which was tipped off by a security expert at the payments company Cinder and reported the flaw to Verizon on May 12, before publishing an article revealing it Wednesday. Verizon says it fixed the problem within hours that day.

Verizon says it has “no reason to believe that any customers were impacted by this,” aside from those who gave the news organization permission to check their records ethically. “If we discover that any were, we will contact them directly.”

BuzzFeed found that using spoofed IP addresses, or the unique codes assigned to Internet-connected devices, hackers could gain full control over home accounts by gleaning enough information to reset account passwords and then take over.

The security issue was caused by a coding error in a software update on April 22. Verizon spokesman Les Kumagai told MarketWatch that given the short time window between the vulnerability’s birth and when it was patched “it’s a low probability of impact.”

Dillon Travers, CEO of Cinder, says his company searches for security vulnerabilities to report to organizations so they can close holes. He told MarketWatch that he thinks his company was the only entity to discover the Verizon flaw, and that it has not been exploited by criminals.

Still, the security problem at Verizon shows how companies sometimes don’t know they’re vulnerable until a third-party — be it a hacker or a security researcher — points it out. Programming errors accounted for 2.6% of data breaches last year, according to a Verizon report that analyzed nearly 80,000 security incidents across 61 countries.

Consumers already have plenty of good reasons to monitor their bank accounts regularly for suspicious or unrecognized charges, and the Verizon flaw adds to the list.

[ddabetsmallwinbig]

Fireeye (FEYE) is growing fast
It is one of our top holdings and and has amazing sales growth. It was as high as $80 plus in the past and is turning around for another run.

[greengold24k]

What stock has the most future potential in this etf?

[ddabetsmallwinbig]

Cyberattacks Represent Top Risk, SEC Chief Says

WASHINGTON--Cyberattacks represent the "biggest systemic risk" facing the U.S., yet no one at the federal level is charged with ensuring the risk is being addressed in an optimal way, Securities and Exchange Commission Chairman Mary Jo White said Friday.

While regulators, law enforcement agencies and the private sector have scrambled to address cybersecurity, Ms. White said she is worried no one is "looking at the entire picture."

"Who's really got the ticket overall to make sure that it's all sort of coming together in an optimal way?" she said, speaking at a conference sponsored by the Investment Company Institute, a mutual-fund industry group.

The comments come as some SEC officials have pressured public companies to voluntarily disclose more about breaches at their firms and as the agency ramps up its scrutiny of Wall Street firms' responses to the risks. The SEC in 2011 issued guidance saying public companies should inform investors of "material" cyber risks and attacks, but it has left the definition of materiality vague.

A review of about 100 brokerages and investment advisers last year found that the vast majority reported cyberattacks directly or through one or more vendors, according to a report released by regulators earlier in February.

Concerns that hackers could wreak havoc on U.S. firms have prompted industry, particularly Wall Street banks, to work closely with the Federal Bureau of Investigation and other law enforcement agencies to boost cyberdefenses.

Yet industry officials have said adequately addressing the rang of cyberattacks remains daunting, a fact reinforced when J.P. Morgan Chase & Co. said that about 76 million households were affected by an attack on the bank last summer. J.P. Morgan's disclosure followed significant intrusions at Home Depot Inc., Adobe Systems Inc and Target Corp.

In addition, talking openly about cyberthreats is controversial in the business community because some executives fear it can make their companies a target for hackers, and public statements can expose firms to litigation.

Ms. White, in a tacit acknowledgment of those concerns, said companies can share information with federal law-enforcement officials outside the public-reporting process.

"Clearly there's a place for disclosure of cyber events that isn't part of the public-company disclosure regime but it's very, very important that information gets to the right source in the Department of Homeland Security, FBI, etc., and then that the private sector is being informed "look out for this', "look out for that'," she said.

[ddabetsmallwinbig]

The government is buying lower bandwidth for years
We all had to get cable or get a digital converter to watch tv since they bought most of the old bandwidth since they know it can not be hacked. Back in the day I had a SatCom. It was about 10 grand in the day but a blast. When I went to my local watering hole the bartender asked what I had in that briefcase. I said a phone and he laughed. I said call your wife even though it was about 3 bucks a minute. He was blown away. On another occasion I was out fishing when a call came in from California. I told him to hold on I had a fish on the line. I was 10 miles out at sea at the time. It was wonderfull tech not to be forgotten.