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Strategies & Market Trends : Fidelity Select Sector funds

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To: MoneyPenny who wrote (4724)8/8/2002 7:16:36 AM
From: Angler   of 4916
 
The Gold thing will drive one nuts. I think I really know what "gold finger" means figuratively.

Gold is heading up again but this time in lock step with the market. What a crazy dance! Bond funds are used like money markets and evaporate for a day (like 4 - 6c big deal) when traders grab some cash to throw the dice I guess.

I'm picking up some stocks now in mopduration - the big ones with big volume that have been "busted" for loitering. I think we're scratching bottom. But when I buy, I put a stop loss in 5% below the purchase price for insurance. A couple closed out but then a couple moved up and moved up my stops with them.

DUK looks fine to me at this point. One of the country's biggest Utilities - PCG - has been trashed so bad by the regulators and consumer activists here that it looks like it's been smeared with rotten pies. If there is no PCG, we'll be back buying from outside utilities and energy traders which brought us to the brink already with the help of our esteemed state politicians and their schemes.

When cigarettes are sold in California for $4.00 pack maybe soon, they'll let the Utilities off the hook and we'll get back to our senses again. No smoke no fire. The Golden Gate bridge is really golden now as the proposal is to raise the toll to $6 on weekends and a dollar to walk across. It may even given some suicidal people 2nd thoughts?

Angler
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