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

To: gregor who wrote (2924)	9/15/2000 2:21:19 PM
From: seminole	Respond to of 4916

gregor With oil prices increasing rapidly and historically high, the autos are the last fund group I would look at. Their high profit margin products have poor fuel economy. IMO, either higher prices for oil or government regulation will cut their sales and profits. During the last few months, many experts have assumed that $30 dollar oil was temporary. The experts are wrong. This is not a problem with OPEC. Supply is not being restricted. Supply cannot meet demand. I am long FSESX and FBIOX Good luck richard

To: gregor who wrote (2924)	9/15/2000 9:09:02 PM
From: Julius Wong	Respond to of 4916

Gregor: Based on recent stock performance, automotive sector is in trouble. Only 24% of automobile stocks are traded above the 50% of the 52-week range, 76% are in the lower 50% of the 52-week range. Best stocks in automotive sector are DDC and HDI. Consumer cyclicals: mixed picture. Home building, gaming, retail (apparel, electronics, discount), are moving up. Jewelry and gifts, hotel, newspaper are moving down. Industrial materials: Aluminum is probably the best in this sector. Chemical is the worse. Checmicals will suffer in a high crude oil price environment. Julius