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

To: Dennis who wrote (679)	2/4/1998 2:03:00 PM
From: Larry Dambra	Read Replies (2) \| Respond to of 4916

Dennis, It does look interesting, doesn't it? The bounce off of the resistance level around $24, set back in June, plus the recent action I believe to be very positive recent events. After the 2nd reversal on 1/23, when it closed around $25 (1st was on 1/9 when it bounced off of $24), I decided to add to my position in the low $25 range. As I've said before, I'm in for the very long term, and perhaps the long term contracts and high day rates of the energy service stocks are beginning to overshadow the effects of deterioration of crude prices, at least in terms of the market's attention. Or maybe not ... Julius, take on FSESX TA?