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Strategies & Market Trends : Fidelity Funds -- Ignore unavailable to you. Want to Upgrade?


To: Angler who wrote (663)2/1/2003 6:33:01 AM
From: MoneyPenny  Read Replies (1) | Respond to of 11457
 
(OT)probably smart to avoid CALVF at this point. It might be a better buy after $1, if it gets there, as they will have reopened their mines and will be producing gold. I'm pretty familiary with it by now having owned it since 1994. Sold most shares for $6 or $7 but held back 200 shares to get reports and to remind me about selling when price runs up. 200 shares @ 3cents early last year was a good reminder!

The difference with this micro-cap mine and some of the other Canadian junior golds is this one has proven reserves. Many of the others may be "a hole in the ground with a liar standing on top", attributed to Will Rogers. When it comes to direct investment in junior miners think Bre-X from the last gold party and don't get carried away.

As for selects: I sold FSTCX after a pretty good run for two months in January. As of February 1, I have FSAGX 80% (of select fund money) 10% FSESX (I'm always suckered in by this one) and 10% money market.

Julius's strength chart keeps declining. Gold and Junk Bonds (!!!)
are the strongest. Yech!