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

To: Sonki who wrote (595)	12/26/1997 9:54:00 PM
From: MoneyPenny	Respond to of 4916

The best mutual fund I have owned is a FIDO select: Home Finance It is not sexy like FSESX and FSELX but it has a spectacular 10, 5, 3 and even 1 year return rate. I think people will refinance again this coming year. Every year I evaluate trading this select for another, but so far I have not. I thought in September that this would be the year to sell but I am happy to still have it in three portfolios. The only other select I am in at present is Brokerage having gone to cash in November for FSESX. Usually just lurk around here, but enjoy reading everyone's ideas. personal31.fidelity.com

To: Sonki who wrote (595)	12/27/1997 12:10:00 AM
From: JR	Respond to of 4916

Sonki, I to just lurk and read, Fidelity Select Funds can be borrowed and shorted, However you need to know what your doing, this is the fastest way to lose your money. HAPPY HOLIDAYS, EVERYONE JR

To: Sonki who wrote (595)	12/27/1997 9:03:00 AM
From: Julius Wong	Read Replies (1) \| Respond to of 4916

Sonki, My computer cannot predict future. It was programmed to measure the probable change from previous trend. If the previous trend is up, then a change of trend means the up trend is probably broken. The concept of trend is based on intuition, that is, not proven by mathematics or logic. A computer is a tool. We all based our decisions on common sense and intuitions. FSVLX is in home finance. A simple formula works well with FSVLX: 31-day EMA with a 0.75% filter. This formula was back tested and confirmed by many people. To my knowledge there are no reliable formulas for other select funds. According to the above formula, FSVLX is a sell. Julius