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To: Chris O'Connor who wrote (41316)	9/15/1999 11:41:00 PM
From: Ruffian	Respond to of 152472

Fido Like The Q WSJ> September 15, 1999 SMARTMONEY.COM: The Rise Of Fidelity Aggressive Growth By JOE HAGAN Smartmoney.com NEW YORK -- Two years ago, there was a fund called Fidelity Emerging Growth. It chronically underperformed the S&P 500 and was fair to middling among its midcap growth peers. Enter Erin Sullivan, a then 27-year-old fund manager whom Fidelity put at the helm. Two years later, the fund has an 83.3% one-year return, demolishing the S&P 500 by 52.8 percentage points. As a nod to its new lightning-like personality, Fidelity has rechristened the fund Aggressive Growth (FDEGX). Credit the turnaround to Sullivan's plucky stock picking. This Harvard grad, who joined Fidelity in 1991, isn't afraid of a 110 P/E ratio. After running Fidelity Select Retailing (FSRPX) and then Select Software and Computer Service (FSCSX) for a total of two years, she steered Aggressive Growth straight into the milieu of technology, telecom and health-care stocks that have led the market. As holdings like Lycos (LCOS), America Online (AOL) and Yahoo (YHOO) have doubled, tripled and quintupled, the average market cap of the fund has sextupled to more than $24 billion under her tenure. That's large-cap status. But certainly, nobody is complaining. Chicago fund-tracker, Morningstar, still ranks the fund against midcap growth funds where it's among the top 25 funds year-to-date with a 44.8% return. But grouped among its new large-cap growth peers, it's among the top five. Technology and health stocks make up over 70% of the 200-plus Aggressive Growth portfolio. Says Sullivan, "As a rule, I will stick to the companies that have superior long-term earnings growth potential rather than relying on a cyclical, or economically sensitive, bet." One example: Exodus Communications (EXDS), a specialist in Web hosting and network management that Sullivan first bought last December. Revenue at the $6.29 billion company climbed 322% to $42.5 million in the latest quarter. The stock - 5.8% of net assets - is rising even faster. It is up 378.2% year-to-date, 40.2% of that since July 1. In the fund's June report, Sullivan said its strong performance in the first half was driven largely by "growing demand for increased bandwidth and end-to-end network solutions." That includes stocks like Exodus and Metromedia Fiber Network (MFNX), up 74.26% this year. Another strong sector has been telecom, which is also benefiting from new devices and soaring bandwidth demand. Sullivan has added a host of telecom stocks including Qualcomm (QCOM), Nextel Communications (NXTL) and SkyTel Communica tions (SKYT). Meanwhile, she has pared down on older Internet plays like AOL, which she cut from 2.7% of assets last December to a recent 1.2%. In the health-care sector, Sullivan astutely increased her stake in biopharmaceutical company Biogen (BGEN), which has gained 110.5% year-to-date after launching the sale of its multiple sclerosis treatment, Avonex. Of course, in a portfolio of 200, there are always a few losers. One of the biggest this year has been drugstore chain CVS (CVS), a top 10 holding for the fund. The stock has been slammed this year, losing 26.7% year-to-date. In this case, what the Internet giveth, the Internet can taketh away. As Sullivan noted in her report, "CVS tumbled in response to an industrywide selloff over concerns about the potential loss of sales to startup Internet drugstore providers." Investors are already chasing Sullivan's returns. In 1998, before her record was established, the fund had $56 million in net outflows. Through June 30 of this year, investors have poured $2.4 billion into the fund. Through Aug. 31, net assets have doubled to $7.25 billion. We hope those hopeful investors understand that a volatile fund like this can sink just as quickly as it can soar. For more information and analysis of companies and mutual funds, visit SmartMoney.com at smartmoney.com

To: Chris O'Connor who wrote (41316)	9/15/1999 11:48:00 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 152472

O'Connor, quote those TA calls who says 5 say up and 5 say down? do you give credence to experts and quacks? good TA analysts dont disagree much, even on their conclusions of uncertainty those who claimed a bottom below 155 were likely not basing call upon TA but emotion GC IS NO TECHNICAL ANALYST fundamentals often not interpreted uniformly correctly either "chart never wrong"?? HUH? "several interpretations to each tech rule"?? like most art-laden scientific practices.. ever see competing approaches to some scientific problem??? .. I do every day with statistical analysis.. I did every day in math/stat graduate school.. I heard of it every day with gradskl roomy in biomed engg, and friend in physics lab VERY VERY VERY NAIVE, MAN