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

To: Julius Wong who wrote (2940)	9/20/2000 11:40:06 PM
From: gregor	Read Replies (1) \| Respond to of 4916

Dear Julius; did I tell you I was very fortunate to get out of Sel retail around 53 having gotten in two weeks earlier around 47. We all know I'm not that good, having gotten very lucky on that one. I want, however, to take advantage of the low euro. It is now just under .85 to the dollar and is forecast to go to .75 to the dollar b/c the federal reserve will not allow intervention before the elections to prop up the euro. I do not see it going to .75 but I do see it low .80's. My question is if there is any way to make a play on the low euro. Am I correct in stating a low euro i.e strong dollar makes imported goods cheaper to us thus stimulating a balance of trade deficit and so rather than be able to make money directly by investing overseas in europe it would be best to simply shy away from any sector with strong competition from overseas, thus limiting losses in these sectors. Also, wouldn't this be an additional reason to avoid the automobile sector that I asked about earlier this week. Thanks for any comments or thought you devote to this topic.gregor