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Strategies & Market Trends : Fidelity Select Sector funds
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To: Julius Wong who wrote (856)6/30/1998 8:26:00 AM
From: MoneyPenny  Read Replies (2) of 4916
 
FSESX is about as risky as sector funds get. Before I would even consider going into this fund, I would spend an hour or two reading the Strictly Drillers thread here on SI. Many people have lost their shirt in the last 9 months, as the fund whipped around solely based on the price of oil. This was my biggest sector play, both with these funds and individual stocks and I have been hurt badly. There are a few diehard bulls over there, but in the last month many have finally sold at huge losses anticipating lower prices for months.

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