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Strategies & Market Trends : Fidelity Select Sector funds

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To: Angler who wrote (496)11/30/1997 5:48:00 PM
From: Angler   of 4916
 
Interesting example to weigh about a very good oil service stock:

Seitel "sei" trading now at 38 1/2 & off its high for the year, due to split 2 for 1 December 30th, and with the lowest P.E. of the group = only 11 1/2. Most of the big hitters are trading at higher prices.

Here one finds only good news at hand with a falling stock price.
Stocks have always been earnings driven. Share price follows earnings doesn't it?

IMHO the group will recover after this mad hatter month is over.

Angler
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