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

To: Julius Wong who wrote (2708)	6/18/2000 5:22:00 PM
From: Francis Muir	Read Replies (1) \| Respond to of 4916

Tell me what you mean by "short term" in playing the mutuals. There is a fair penalty isn't there? As you can tell I'm quite new to all this, but I do have some retirement money in Fidelity that I can move around between the funds allowed (includes the Select). Momentarily i am about 60% in FMAGX and 40% in FDEGX, and the FMAGX looks really boring. Where can I get information about the stocks held? F

To: Julius Wong who wrote (2708)	6/19/2000 4:28:00 PM
From: rkf	Read Replies (2) \| Respond to of 4916

Julius, FSELX and FSPTX up strongly today. FSELX is back to the level where I last purchased shares in April. Regarding stock picking - If I had simply held those stocks in the past I did buy (CPQ, DELL, YHOO, etc.) I would be wealthy today by anyone's standards. Instead, I performed really slick in and out trading moves and got whipsawed right out of the market. Bottom line - buy and hold good companies. Unfortunately, it seems that the companies I do buy and hold sink like rocks, and either a) never recover, or b) recover back to my purchase price, I sell out and the stock rockets to new highs (i.e. ASND and MAVK). Warren Buffet, I ain't - at least not yet. Kent