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

To: Angler who wrote (506)	12/2/1997 11:56:00 AM
From: Angler	Read Replies (1) \| Respond to of 4916

Post Script to Julius: 1 1/2 hrs. later checking my individual Oil Service stocks: NBR and FLC = they're up. Checked the sector as of 10:00AM = the sector's up. It may be a sucker rally, but maybe not? I still hedged 25% in FSESX and most of the rest is yet in 085 M.MKt. So if the perverse (rhymes with re-verse) has happened, we'll see - says the blind man. Angler

To: Angler who wrote (506)	12/2/1997 1:05:00 PM
From: seminole	Read Replies (1) \| Respond to of 4916

Oil Service and global warming? A possible explaination for the poor results and expectations for FSESX is governmental interference. World leaders are calling for a reduction in fossil fuel use. Lower future demand would hurt the oil service industry, so the stocks are being dumped. Remember, the health care reform debate hurting the drug companies (revenues, profit, etc. never changed but the stocks got hammered)? Well, the health care reform debate was a golden opportunity to by drug companies and the global warming debate may be providing us with discounted prices for oil service stocks. richard