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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: AltLar who wrote (3702)11/24/1997 7:14:00 PM
From: Tom L. French  Read Replies (1) of 95453
 
Larry

With FSESX and the buying/selling. I know they will sell a bunch, but they also don't hesitate to jump back in just as agressively.

Here is what I do.

I watch the weekly and four week gains which are published in some papers, actually showing percent change, which is what matters. Don't know what you get (who knows where people here reside--I often wonder) but NY Times Sunday shows weekly percentage gains, Friday shows 4 week, and Thursday shows 13 week. IBD also shows 4 week, but they round off to whole percentages, which often mushes them all (Fidelity Selects) together too much.

I look and compare FSESX (energy services) to the other selects/sectors, which is how I tell how it is doing. If it is in the top 5 it is doing well. Below that it gets iffy. Actually the first signs are in the daily, which is available in percent change lots of places, but also, again, in the Times every day (best benefit of their business section).

Regards,

TomLF
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