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


To: rkf who wrote (2407)3/14/2000 2:03:00 PM
From: Julius Wong  Read Replies (2) | Respond to of 4916
 
Kent:

FBIOX is more volatile then the tech funds because of its total capitalization is just a fraction of the tech cap. It could move up or down at faster rate then the tech funds. How fast? As fast as the fund managers move together to place buy or sell order.

On Mar 6, FBIOX was $116.63. I think it is about $84 now. The short term bottom appears to be in the area of $74 - $84.

I still think Biotech is a great long term investment.

Julius