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


To: Aggie who wrote (2480)3/29/2000 11:13:00 PM
From: Julius Wong  Read Replies (1) | Respond to of 4916
 
Aggie:

At this time FBIOX is very much oversold. Most analysts
still like biotech, for example, a nice article by Cynthia
Robbins-Roth in the April 3rd Forbes ASAP, "Buy or Die".
But the sector is too small cap, the total cap of the
sector is under $200 B. FSPHX, FSHCX and FSMEX are also
down, but not as much.

The short term strength of the sector:
(For comparison, FSESX has strength number 23.26)

FBIOX -15.35
FSHCX - 4.53
FSPHX - 2.34
FSMEX 0.32

The sector will come back. We all need their products
and/or services.

Julius