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

To: Dennis who wrote (414)	11/12/1997 5:01:00 PM
From: Money Mood	Read Replies (1) \| Respond to of 4916

Dennis, I think it is a smart decision to wait till December and buy when the market is stabilized. Yesterday I read Peter Lynch's book - he says Nov-Dec is always down (tax-concerns selling) and January is up. Especially small stocks - historically they are usually up about 7% in Jan compared to Dec. Talked to a MM I know (he is in Denver, Co) he said that drillers are still can go up 20%-30%, although they are much less attractive now than a year ago. He said following industries are most undervalued now: Insurance Airlines Coal, oil, gas (basic industries, not services) Construction, Real estate Building materials Tobacco. I asked him: what is the time span you look at (i.e. when do you expect the gains in these sectors?), he said: 2-3 years. Too long for me. He is really very smart and conservative guy. Looks only at the fundamentals. He also said he would like too see a flat market for at least a year. Viktor.