Fidelity Select Sector funds Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Fidelity Select Sector funds

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Money Mood who wrote (396)	11/9/1997 1:55:00 PM
From: Angler	Read Replies (1) of 4916

Frankly, Victor, I don't really know what "she" meant by "buyout candidate". If you look at the current news on Baker H. they are reported to be making a possible "takeover" attempt at Western Atlas Inc. "WAI" selling at $76 sh. When she said "buyout" (I think I heard her right?) I assumed that she meant someone else was going to make an offer to take them "BHI" over. Now I don't know. But I checked the YAHOO again and it repeated what I write above. Nevertheless, there are going to be lots of takeovers and buyouts in this industry as the players are all trying to expand activities as fast as they can to make more bucks. With the shortage of rigs and workers this is the only way that these "roughnecks" can go big time. Yet some of the smaller ones seem to be going after bigger ones? It's a mess but it's filled with black gold. I suppose the stocks of all the Wall St. Week mentioned Cos. will have only one way to go tomorrow morning, but I'm not crazy about playing into that. If those share prices go wildly upwards forever one might think that the collateral those escalating shares represent could buy anything? It's almost like the Great Beast of Revelation that I recall reading of while studying the Bible decades ago. Someone suggested that the "Beast" that would rise out of the desert was oil and Armageddon would result. Most of us took it as a bunch of rubbish but it's timely. The armageddon I fear most is a crash in the stock market, so maybe Wall St. is the Great Beast. But seriously speaking this coming week could be a douzee. Korea's market has crashed over the weekend. Brazil is rumored now to be in the process of devaluating their currency, and the London market already has the DTs showing. In my opinion a lot of folks with chips on the table are going to grab them up and run out again but the pot will still be there. This week might be our best buying opportunity before it's over????? Maybe Thurs-Friday? Any thoughts? I'm holding. Angler

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next