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


To: Dennis who wrote (402)11/9/1997 3:25:00 PM
From: Bernie Kaplan  Read Replies (1) | Respond to of 4916
 
Dennis & Victor - Thanks for getting back on my message regarding the signal message of 10/24 & 10/27. Keep in mind, however, that the e-mail & fax subscribers received the entire 10/24 issue on Saturday, 10/25, but the First Class Mail subscribers can only receive my weekend summary & the top ratings from the 10/24 issue by calling the telephone hotline. That message remains active on the answering machine until it is replaced by a subsequent telephone update, which in this case was recorded after the 10/27 slide on Monday. If I had issued an emergency update early on Monday morning, it could only have been sent to e-mail subscribers, who then would have had to log on in order to see it anyway. If, on Monday morning, I had replaced the original telephone message which was recorded on Saturday, any 1st class subscriber who had not yet called in for the weekend update wouldn't have heard the original message with the rankings and advisories.

Obviously, quite a quandry, which never happened before and which I hope does not occur again. Fortunately, as I said, many subscribers phoned me personally on Monday, and many sold their holdings early in the day anyway once they heard what had gone on in Hong Kong & saw what was about to transpire on Wall Street.

In the near future, perhaps within a week or two, my web site, which will be used for the promotion of the newsletter, will be activiated. This will obviously basically encourage only those individuals who can receive the newsletter by e-mail, and who could receive emergency messages in the future.

Maybe we will be fortunate enough to get a rally this week, which would be nice since the last three weeks have been like getting your backside rubbed with sandpaper on a daily basis.

Be good.

Bernie