America On-Line (AOL) Message Board

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Technology Stocks : America On-Line (AOL)

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To: RocketMan who wrote (14500)	5/3/1999 6:17:00 PM
From: John Carpenter	Read Replies (2) of 41369

I believe Fidelity Magellan's total return is approaching 40% for the 12 month period ending with today's close. Not bad for a mutual fund. With the power to start an avalanche, how could it lose. By being the first to dump the techs and buy the cyclicals, not only has it avoided the tech decline, it has enjoyed almost all of the cyclical runup. The fund will be in a great position to dump cyclicals and buy tech again- at bargain prices. The advantage of being the first to start a chain reaction is enormous, because in this business timing is everything.

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