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

To: Julius Wong who wrote (3380)	2/12/2001 7:39:36 PM
From: rkf	Respond to of 4916

Julius, with you all the way - thanks. Ms. Firestone got stung badly by INTC, and lately, by CSCO. I'll put my money elsewhere. Kent

To: Julius Wong who wrote (3380)	2/12/2001 7:45:56 PM
From: rkf	Read Replies (2) \| Respond to of 4916

Julius, regarding FSRPX - I've been following this one lately, retail sector looks encouraging, but - Top Ten Holdings as of 12/31/2000 WALGREEN CO SAFEWAY INC NEW HOME DEPOT INC WHOLE FOODS MARKET INC CVS CORP COACH INC BJS WHOLESALE CLUB INC KROGER CO WENDY'S INTERNATIONAL INC PACIFIC SUNWEAR OF CALIF 55.6% of the portfolio Where's Gap, how about Dollar General, or Wal-Mart, this looks like a very odd/eclectic top ten to me - thoughts? Kent

To: Julius Wong who wrote (3380)	2/15/2001 9:36:00 AM
From: Angler	Read Replies (2) \| Respond to of 4916

Julius: The hottest real estate market still resides in the San Francisco region. However, it has reacted quickly to the downturn of real and possible employment in the quirky surrounding Silicon Valley High Tech industry. The stuff is not turning like it was two months ago and for sale signs remain up longer; buyers are not bidding up the prices like they did last year. In high priced realty markets both commercial and residential properties will be affected by a recession or even a threat of one. An old friend sold his folks house built on a city lot in 1918 in a mature part of town for $897,000 last October. He hit that one just right. Beyond this the higher utility costs are going to affect shopping center occupancies in the entire West Coast IMO. I don't feel that FRESX which I have held for over a year will do well if this thing turns into even a soft fall recession. In our area one bedroom apartment rates average $40 for electric and $45 for gas. both in dual use heading higher. If mortgage rates drop, the biggest real activity will be in refinancing. Anything around 6 1/2% will start a run to the banks. Angler