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Strategies & Market Trends : Fidelity Select Sector funds
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To: Julius Wong who wrote (1010)9/23/1998 10:59:00 PM
From: Mike McFarland  Read Replies (2) of 4916
 
Ouch, market does seem to do particularly well
when I'm in cash. I see from your link Julius that
FSNGX up 4.5% on the day...sigh--there's $500
I missed out on. Of course there are plenty of
other things a person could have daytraded today
too for even better returns, but I slept through all
the fun:-(

Between Greenspan and the Utilities
making new highs, and perhaps the threat
of Georges*, it would seem that taking the
quick six percent gain in fsenx was a mistake,
not that I'm fool enough to jump in now and
risk being out of phase with a jumpy market.

Market timing is a real _____.

*Georges is actually only a marginal
hurricane at the moment so I cant believe
that is helping the natural gas stocks,
but maybe just the threat of re-strengthening
is enough.

--MM
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