Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: The Perfect Hedge who wrote (3648)	11/24/1997 2:57:00 PM
From: bw	Read Replies (1) of 95453

Just on CNBC...Fidelity has been one of the main sellers in the recent week's slide. It's funds have been major holders of the service stocks, and started selling last Monday..and sent 200 letters out to fund managers to that effect. They see the sector as being one of "no surprises" to the upside..even though the fundamentals are there. Also, too much exposure..with everybody recommending. *too bad Fidelity didn't mail us the news on Monday <g>

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