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Strategies & Market Trends : Fidelity Select Sector funds

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To: Julius Wong who wrote (932)9/7/1998 5:59:00 PM
From: Angler  Read Replies (2) of 4916
 
Julius:

Yes, I sure hate to get whipsawed. Finding a re-entry point on some of these funds (much less the low) is frustrating.

It appears that Overseas funds should do well tomorrow since Asia appears ready to rebound today? However, I would still wait for any confirmation of stability in those markets. Germany also seems steady as she goes.

Some of the high volume big and medium cap stocks that have fallen out of bed and are badly bruised would be worthwhile to pick at if one keeps a 3 to 5 yr. horizon. No worry for INVESTORS.

Global Marine @ 95/7 and Cendent @96/10 IBD eps/rs ratings both selling at around 10.00 sh. should make someone a big profit 3-5 yrs out. They're hated now. Of course, one can look at Gold which has stayed back and hope we don't run into something like that so I prefer to let Fidelity's mgrs. sweat it out.

Angler
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