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

To: Julius Wong who wrote (854)	6/30/1998 5:21:00 AM
From: Bernie Kaplan	Read Replies (2) \| Respond to of 4916

Based on everything I have read or heard, oil prices should remain in a 13-15 dollar range for at least the next six months, and the oil service firms have been lowering their daily rental rates throughout this past quarter. You can bottom fish all you want where this fund is concerned (FSESX), but with so many other sectors virtually giving you profits for free at this time, why bang your head against the wall trying to squeeze blood from a stone, so to speak. If this fund ever revives, there will be plenty of time to get back in and make lots of money until it gets back anywhere near its former highs. Don't react to every blip on the chart or you risk investing in a gusher that will come up dry. Bernie