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

To: Angler who wrote (324)	11/2/1997 7:22:00 PM
From: Andrew H	Read Replies (2) \| Respond to of 4916

Well, Angler, I must say I am worried about the market. I recently sold out of FSELX, a wonderful fund on which I had a very nice profit for the year. I intend to put all of that money into FSESX, the only question is exactly when. I have already put half in. As soon as I see stabilization, I will put in the rest. I agree that this is the best sector and fund for the forseeable future. The American economy appears fundamentally strong, so I have a hard time seeing the DOW much below 6800, especially with the traditionally strong 4th Q here and October over. But the market is not always rational and the recent global panic and volatility remids one of the risk involved in holding stocks. Still, there is little doubt that as you say, the drillers will continue to drill and their profits will continue to increase. If the markets hold as I suspect they will, FSESX should continue to rise.