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


To: Money Mood who wrote (452)11/20/1997 6:19:00 PM
From: seminole  Respond to of 4916
 
Viktor

I still hold FSESX. I am a buy and hold type investor.
When the market is acting badly or your stocks and funds
are out of favor, this statagy is most uncomfortable.
In a rather crude method of analysis, the future health
of the economy is the only key variable I use to exit my
mutual fund positions.

I believe the US and World economies will do well next year.
I believe these economies will need oil and gas at levels
greater then this year.

richard



To: Money Mood who wrote (452)11/20/1997 6:26:00 PM
From: Larry Dambra  Respond to of 4916
 
Victor,

I used the recent weakness to add to my FSESX position. The recent down days, I believe, created a nice opportunity to accumulate. I like buying this sector on dips because I consider it a good long term strategy. It seems that Julius is right about strong support in the 31 1/2 area, if you take a look at the FSESX daily close chart for the YTD.

After all, regardless of the price of the stock, the companies continue to make good money. And prices will probably continue to fluctuate with developments in the middle east. Today's close represent a 2.5% improvement over yesterday. Here's the hour by hour for today:

One more thing, nice article about energy services at www.investor.com today.

1000 32.29
1100 32.23
1200 32.14
1300 32.30
1400 32.41
1500 32.45
1600 32.21



To: Money Mood who wrote (452)11/20/1997 8:04:00 PM
From: Dennis  Respond to of 4916
 
Viktor, I sold

Sold the rest of fsesx early yesterday, but I will get back in as soon as the profit taking is over. Do you know when that may be ?? g

Dennis



To: Money Mood who wrote (452)11/20/1997 9:42:00 PM
From: Angler  Respond to of 4916
 
viktor, Re-FSESX

I'm still holding, however, I have not bought any more. Am waiting now another day or two to see if this uptick today will hold.

Angler



To: Money Mood who wrote (452)11/20/1997 11:24:00 PM
From: Julius Wong  Read Replies (1) | Respond to of 4916
 
Viktor,

Some big mutual funds sold energy service stocks to lock in profit. The negative article in Barron's did not help. But energy service companies will continue to generate good earnings. The drop of FSESX is temporary.

If you are a long term investor, FSESX is a good fund to hold. If you are a short term investor, it is too late to sell. DO NOT SELL!

Julius