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Strategies & Market Trends : Fidelity Select Sector funds

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To: Angler who wrote (2256)2/2/2000 8:30:00 PM
From: MoneyPenny  Read Replies (1) of 4916
 
Angler, re: LTWO. Straight up since the first of the year so a little profit taking. Volume was not particularly heavy. I've retained profits 3 times so far. I think web based education will be a very big deal and very profitable going forward.

On sector funds: I trade between strong sectors but I do have two sectors funds as core positions which are not traded. FSPTX is a core holding for me. The fund can move within sectors of the technology group and I assume that Fidelity will be tweaking its assortment ahead of the curve. The fund is a very big winner and people are put off by the load much so it hasn't become unwieldy. My loads were paid so long ago and my profits on my sector money so good, I never give it a second thought. (other long term sector is health) Right now my largest position is FSELX.
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