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Strategies & Market Trends : Fidelity Select Sector funds

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To: Dennis who wrote (284)	10/31/1997 12:34:00 AM
From: Angler	Read Replies (1) of 4916

Dennis, your sources are probably as good as mine regarding the world oil situation. What I do with FSESX is to line up a selection of oil servers like NBR, HAL, NE, PKD, FGII, SLB, NORT & VRC and check their days results along with some history from I.B.D. Today 3 out of 8 went down slightly which was an encouraging sign inasmuch as Fid. Energy went down (the chicken before the egg). Saddam may cause some disruption again for a short term w/o affecting drillers and explorers. There will be continuing fluctuations in this market but once I get out of a resisting fund in my experience I never seem to know when to get back in (like a revolving door syndrome). If there is a total crash (doubtful), all my eggs are not in one basket anyway. Angler

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