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Strategies & Market Trends : Fidelity Select Sector funds

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To: Angler who wrote (506)	12/2/1997 1:05:00 PM
From: seminole	Read Replies (1) of 4916

Oil Service and global warming? A possible explaination for the poor results and expectations for FSESX is governmental interference. World leaders are calling for a reduction in fossil fuel use. Lower future demand would hurt the oil service industry, so the stocks are being dumped. Remember, the health care reform debate hurting the drug companies (revenues, profit, etc. never changed but the stocks got hammered)? Well, the health care reform debate was a golden opportunity to by drug companies and the global warming debate may be providing us with discounted prices for oil service stocks. richard

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