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: Brad Hill who wrote (4329)	12/3/1997 12:02:00 PM
From: SJS	Read Replies (3) of 95453

I think to step up now and take a position in FSESX in a non-IRA account is going to be needlesly costly from a tax position. In that it is only about 10 days away, I would personally wait. I suspect they'll take possibly $2.00 or more, but it really depends on how much they pulled out in the latest selloff. I think alot. I don't think that what you will make in FSESX in the next 10 days would warrant a position in a fund with a potentially large distrbution. Remember, this fund was up 70% at one time this year, and Fidelity did pull out alot of their profit. Buy the day after the fund distributes. You also get more shares for your $$$, and lower commission costs, if you pay them.

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