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Strategies & Market Trends : Fidelity Select Sector funds -- Ignore unavailable to you. Want to Upgrade?


To: rkf who wrote (2368)3/5/2000 7:46:00 PM
From: Angler  Read Replies (1) | Respond to of 4916
 
Kent:

I presume that you have moved into Growth "fdgrx".
There's no guarantees that Biotechs will continue their rocket performance, and it does cost 3% to move into these sector funds.
The Nasdaq is running at huge historic valuations of PE at the expense of everthing else. When and if the big correction comes, it wouldn't be bad to be somewhere else? You have to know when to fold 'em. But meanwhile most new money is going with the momentum.
Good luck.

Angler



To: rkf who wrote (2368)3/5/2000 10:17:00 PM
From: seminole  Read Replies (1) | Respond to of 4916
 
Mr rkf

<<<I don't see FBIOX running this strong for an extended period.>>>

May be may be not. Extended period of three months, 105%?
Extended period of one year, 191%? Last big run for Biotech was from 1988 to 1992. Four years may be an extended period?

richard