Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: MoneyPenny who wrote (4724)	8/2/2002 10:25:39 AM
From: Angler	Read Replies (1) \| Respond to of 4916

Hi, Money Penny: I agree that cash is still the best place to be. But I've got a hunch that some good company stocks are flirting with the bottom. Duke is one I've bought last week. That Utility appears to be free of suspicion now in covert energy trades - at least any management sponsored ones. I'm scratching my head over ILA which has been kicked out of the house and used to be such a popular utility under the name Utilico (I think). From $30 to $6 reminds me of 3 Mile Island 30 years ago and some major money made on that when it came back. When's the last time a utility of size went broke or didn't get bought out? You're right about FSUTX not being a pure play in power plants. I'm avoiding this fund. Angler

To: MoneyPenny who wrote (4724)	8/8/2002 7:16:36 AM
From: Angler	Respond to of 4916

The Gold thing will drive one nuts. I think I really know what "gold finger" means figuratively. Gold is heading up again but this time in lock step with the market. What a crazy dance! Bond funds are used like money markets and evaporate for a day (like 4 - 6c big deal) when traders grab some cash to throw the dice I guess. I'm picking up some stocks now in mopduration - the big ones with big volume that have been "busted" for loitering. I think we're scratching bottom. But when I buy, I put a stop loss in 5% below the purchase price for insurance. A couple closed out but then a couple moved up and moved up my stops with them. DUK looks fine to me at this point. One of the country's biggest Utilities - PCG - has been trashed so bad by the regulators and consumer activists here that it looks like it's been smeared with rotten pies. If there is no PCG, we'll be back buying from outside utilities and energy traders which brought us to the brink already with the help of our esteemed state politicians and their schemes. When cigarettes are sold in California for $4.00 pack maybe soon, they'll let the Utilities off the hook and we'll get back to our senses again. No smoke no fire. The Golden Gate bridge is really golden now as the proposal is to raise the toll to $6 on weekends and a dollar to walk across. It may even given some suicidal people 2nd thoughts? Angler