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Strategies & Market Trends : Fidelity Select Sector funds

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To: gregor who wrote (954)	9/15/1998 1:18:00 PM
From: Angler	Read Replies (1) of 4916

Gregor: I removed all my investment in Fidelity's #455 last month. I held it for years and watched it clumb to around 13.50 yielding as high as 16% at times. When the market weakened it turned around and went down just as rapidly as the market. Before I noticed it, it was in the $12.70 range. I held on a little longer and dumped it all. There were no failures to speak of. It's just a highly volatile bond investment and when investors chose to run out of "junk" they don't just run, they jump. The sh price of near $11.60 should be the bottom, but I'm into Investment grade bonds now. Good luck. Angler

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