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Strategies & Market Trends : Fidelity Select Sector funds
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To: Money Mood who wrote (270)10/30/1997 12:53:00 AM
From: cbstock  Read Replies (1) of 4916
 
If you are a select trader, you can either call in and get the last hourly price or there is a fax phone # that you can get the latest NAV. The updates are not available yet on the Fidelity web site. Also their internet servers maybe behind with all this volume. ..

..Yes!!!! the selects can be traded like stocks!! That is the whole select claim to fame. Narrow sector focus and the ability to get in and out quicklyl That is the whole strategy behind using a news letter like Bernie Kaplans. In order to stay on the positive part of the curve if you are a trader, you need to trade often. That is the whole theory behind Fast Track Mutual fund switching software. If we only hold the funds less than 30 days then we pay $15 per round turn and .7 of 1% for the trading cost once you have paid the initial 3% load. If you are trading in an IRA then the 3% usually is not charged.

Hope I have helped.

Regards

cb
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