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Strategies & Market Trends : Fidelity Select Sector funds

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To: Angler who wrote (1780)4/19/1999 3:26:00 PM
From: MoneyPenny  Read Replies (2) of 4916
 
"Roller coasters are great sport." I won't ride them in parks and am trying to be cautious here. My only selects now are energy serv. and gold and cash. A neighbor told me that he used to short the selects when they first came out, which I really didn't believe. We can't do that now can we? Unless you were really sure what was in the fund, I think it would be impossible to do. Anyway, I'm a preservation of capital girl and I'd rather miss out on some gains than have to make them up. Bought more FAX which is guaranteeing a 12% payout and still at a discount to NAV and TIE as I like titanium as asia recovers.
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