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

To: Angler who wrote (2515)	4/7/2000 11:31:00 AM
From: Angler	Read Replies (1) \| Respond to of 4916

Following up: Apparently Fidelity knows when to fold them because these huge distributions represent share profits made on stocks they got out of in time. Holding many individual stocks, I can see now with the new rises where they dumped their funds at the top. I'm going to go to the trough to pay additional taxes this month. Angler

To: Angler who wrote (2515)	4/8/2000 9:25:00 AM
From: rkf	Read Replies (1) \| Respond to of 4916

Angler, I've been very happy with FFNOX - the Four-in-one Fund, let me know what you think. Kent

To: Angler who wrote (2515)	4/9/2000 7:27:00 PM
From: Bob Pressler	Read Replies (2) \| Respond to of 4916

Hi Angler, Pleeeeeeeeeeeeease feel free to butt in any time. No, I didn't know it and it is an IRA but it was still quite confusing for me, because I sold at 10am Friday and bought FSDCX. I checked the sector and some of the listed stocks in FSELX to make sure that everything was up and then sold at 9:58am. It should've been up 2 or 3 bucks. Imagine my chagrine when the price I got was down $4 !!!!!!!!! I called and asked how it could happen and did not get an explanation. So I called later in the evening and talked to 2 different people before one finally explained that they paid a $6.53 dividend. They subtracted it from the share price Friday morn but don't add the additional shares until Monday. I thought when they paid a dividend that it was an increase but it is just a mini split. TAXABLE Anyway, I read your post when I got home and I thank you. I sold all my shares of FSLEX but they tell me I'll have some more Monday. Seems like a sloppy way to do things, at best. Bob