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Strategies & Market Trends : Fidelity Select Sector funds

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To: Julius Wong who wrote (3668)4/22/2001 10:07:43 AM
From: Angler  Read Replies (1) of 4916
 
Julius;

Yes, I agree. I put $1,000 into fwrlx about 6 mos. ago and just for kicks (ouch) watched it shrink to under 600. Now it's over 700 bucks. I thought I'd use it as a barometer and never believed it would get that cold. When it gets back to 1000, I'm going to have a party.

This particular rally looks very suspiciously like a sucker one. After sucker #2 or #3 it may be time to buy IMO? I'm still holding QQQs bought some over 60 so think that's enough thin ice for the time being. I did average down buying some more at around 40 so hope the ice holds.

Angler
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