Fidelity Select Sector funds Message Board

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Strategies & Market Trends : Fidelity Select Sector funds

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To: Julius Wong who wrote (2708)	6/19/2000 4:28:00 PM
From: rkf	Read Replies (2) of 4916

Julius, FSELX and FSPTX up strongly today. FSELX is back to the level where I last purchased shares in April. Regarding stock picking - If I had simply held those stocks in the past I did buy (CPQ, DELL, YHOO, etc.) I would be wealthy today by anyone's standards. Instead, I performed really slick in and out trading moves and got whipsawed right out of the market. Bottom line - buy and hold good companies. Unfortunately, it seems that the companies I do buy and hold sink like rocks, and either a) never recover, or b) recover back to my purchase price, I sell out and the stock rockets to new highs (i.e. ASND and MAVK). Warren Buffet, I ain't - at least not yet. Kent

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