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


To: SAM who wrote (2443)3/23/2000 10:59:00 PM
From: Julius Wong  Respond to of 4916
 
SAM:

20% loss is hard to take.

Compared to tech stocks, the biotech stocks are small cap. The largest biotech stock, Amgen, has a market cap about 10% of Microsoft. Because of the small cap, mutual funds move FBIOX up or down easily, that makes FBIOX much more volatile than the tech stocks.

Good luck,
Julius