Fidelity Select Sector funds Message Board

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Strategies & Market Trends : Fidelity Select Sector funds

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To: Angler who wrote (459)	11/22/1997 9:17:00 AM
From: Julius Wong	Read Replies (2) of 4916

Angler, Thanks for your insight on FSRPX. The Department Stores make money with some items 30% off almost every day. They probably have very high margins. FDFAX is a good fund. In a strong anti-smoking environment, FDFAX is less atttractive now as in the old days. The number 1 holding in FDFAX is Phlip Morris, number 6 holding is RJR. I usually buy three funds: a Financial fund, a Technology fund, and a Free (no restriction) fund. There are probably more studies done on FSVLX than other funds. A 31-day Moving Average with a 0.75% filter works well on FSVLX. This was first discovered by Don Bell and confirmed by many (hundreds) independent computer back tests. FSVLX is also a good fund for buy and hold long term. FSLBX is less predictable than FSVLX, but it is a great fund in a great bull market. On all Financial funds we need to watch interest rates closely. The back test results showed that a 31-day MA with a 0.75% filter does not work on FSELX. My back tests suggested a 23-day MA with a 2% filter for FSELX. A 2% filter is very large. A very large filter on a MA is getting close to buy and hold. FSELX is also a good fund for buy and hold long term. FSELX is a volatile fund. I would use a 5% stop on a large run up. Another useful indicator is XCI (Computer Technplogy Index). If FSELX moves too far ahead of XCI, take some profit. I keep track of 29 Fidelity Sector Funds. If too many funds are losing momentum, raise cash. Julius

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