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

To: Bernie Kaplan who wrote (586)	12/27/1997 1:20:00 AM
From: RFH	Read Replies (2) \| Respond to of 4916

Dear Bernie, Thanks for your thoughtful and insightful reply to my rather deft posting #585. I printed it out and read it more than once in order to digest the material. I would like very much to discuss things further with you, but don't want to bore the others in this thread. Any suggestions? BTW, it's a little late, but Happy Holidays to you and all the others who are regulars on this topic. I think we will have the best New Year ever, with Bernie at the helm!! Sincerely, RFH

To: Bernie Kaplan who wrote (586)	12/28/1997 10:34:00 AM
From: Liatris Spicata	Read Replies (1) \| Respond to of 4916

Bernie- A thought to add about Fidelity Energy Services (in my case it also applies to Fidelity Energy, but not so successfully). I have kept some money in both these funds in an IRA for about a dozen years, never trading it, just adding a little each year. My rationale is that oil supplies may again see major upheavals that could erupt unexpectedly. In such a scenario my other holdings would likely get clobbered, but these funds might do quite well. So I've lived contentedly with less than stellar returns (particluarly with the Energy Fund), realizing that these funds are only loosely correlated with the DOW and could provide a much needed counterbalance if the world of oil supplies should dramatically change. Larry