Fidelity Select Sector funds Message Board

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Strategies & Market Trends : Fidelity Select Sector funds

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To: seminole who wrote (2737)	7/3/2000 1:55:25 PM
From: selectinvestor	Read Replies (2) of 4916

First, thanks for your opinion.This is a discussion group and one of the reasons I contribute is to get input from others in the sector investing community. Our research suggests that there are two times scales for successfully investing in Select funds. Long term - 3 to 5 years or medium term - 2 to 6 months. Currently, our portfolios focus on finding 3 to 6 month trends in the sector rotation. This strategy has worked very well for us. We will be introducing a new Buy & Hold portfolio later in July that will hold Select funds for 5 years at a time ( more on this later ). Finally, the commentary excerpt is from our weekly commentary and thus has a very short time frame ( the next few weeks ). We expect the Selects and the technologies in particular to do very well in the fall. Our technology portfolio is up 40% for the year and we expect another very strong end of year rally as we have seen in the last few years, but we would not be surprised to see the NASDAQ back at the 3000 level in the August - September time frame. So, if you are a buy and holder, by all means hold. If you are a trader, you will probably want to move out of techs in the coming weeks.

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