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


To: James F. Hopkins who wrote (545)12/14/1997 4:09:00 PM
From: Tech Bull  Read Replies (3) | Respond to of 4916
 
Folks,

Don't worry about FSELX.

8 point drop has a very simple explanation (which I suspected but just confirmed with fidelity before posting this). Remember Tech Funds never drop so much even if NASDAQ goes down by 100. And on Friday it was down only by 21.

They had a year end capital gains distribution. So just relax.

I for one am planning to buy more Monday morning.

Good luck to all,

TB