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Strategies & Market Trends : Fidelity Select Sector funds

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To: Jim Battaglia who wrote (3240)12/30/2000 11:33:20 AM
From: James F. Hopkins  Read Replies (2) of 4916
 
Jim; That spread sheet shows just how few people are
aware of the importance.
If you look at just the 4 top gainers against the
4 bottom losers it can be scary.
-----------------------------
FSNGX 71.28
FSHCX 67.82
FSPCX 60.94
FSVLX 50.50
Net assets Gained was 800.5 mil
----------------------
FSDCX -29.56
FDCPX -30.55
FSPTX -32.50
FSTCX -36.73
Net assets LOST was 3.01 BILLION
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I didn't check the whole list; as just the above
screwed up my mind.

It seems that the TOP sectors running right now
have much fewer investors than the Worst sectors
do.
This may indicate.
Less than 25% of investors are on the right
side of the curve..I think it is less than
that because many who are in the Up sectors
are market cap weighted and have more in the
down sectors.
--------------------
While CNBC and the talking heads are pounding
the table about how good GAS, MED, INS, & Home
are doing..they fail to point out just how
small a part of the "market" these sectors
cover and that the float in those sectors
is only 1/4th of that in Tech..
They also don't point out that when the
thinner float stocks take over and dominate
the market just how thin the ice really is.
Jim

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