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

To: Sonki who wrote (544)	12/14/1997 2:04:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 4916

Sonki; no way EFII could cause FSELX to drop the way they did, even if it went to zero..maybe they paid out a cap gains, that with the drop in value of their holdings could account for it. But no FSELX is not a buy at this time..the TECH sector has to hit bottom before you want to jump in her wagon. Keep in mind you lose ( 3.% ) of your money up front when you go in and anther .75% if you exit before they want you to, that means the Nav has to go up almost 5% before your even, They are well managed..but I wouldn't think of entering any TECK sector fund in a downdraft like we have now. Maybe in a week or so, keep an eye on several and wait for them to show at least a 2% up turn, FSELX can act like a good TECH index, maybe even better that the SOX Jim Jim

To: Sonki who wrote (544)	12/26/1997 6:51:00 AM
From: Julius Wong	Read Replies (1) \| Respond to of 4916

Sonki, Sorry about the late reply. I was in Egypt for a conference. My computer gave sell signals on DJ30, SP500, and NASDAQ on Dec 11. Now my first choice is cash. My second choice is a beaten down fund that has a great long term record. On FSELX: FSELX is a proven fund for the long run. The performance of FSELX is great: 44% for 3-year, 36% for 5-year. FSELX is also oversold. My computer also gave a Buy signal on FSELX on Dec 23. Please note that my computer is not always right. I use it as a tool only. Julius