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Strategies & Market Trends : Fidelity Select Sector funds

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To: Dennis who wrote (417)	11/13/1997 9:45:00 AM
From: Angler	Read Replies (2) of 4916

Dennis: Well, when you gotta go, you gotta go. I'll wait thru this turbulent week before making any changes in my funds. I started taking profits early this Fall on individual stocks so I'm not motivated to remove long term fund positions on daily drops. In my IRA I like to wait a few days before selling. However, there is the herd instinct out there when numbers start to leave, more pick up and go - some just out of fear which motivates the market anyway but taking a profit is always a good deal. The trend in sectors seems to be moving into Retailing which has picked up nicely with all the large retailers reporting good quarterly earnings incl. Nordstroms, Walmart and Federated. We are now going into the Holiday buying season which I would bet is going to be a good one. Considering that for many retailers this quarter makes up over 50% of their revenues, one might consider this as being a "hot" investment since there is money out there with a strong economy ready to get consumers buying this Xmas. In investing I think one should do whatever he feels most "comfortable" doing after he has determined what works for him. I still believe FSESX will provide winners. Angler

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