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

To: Larry Dambra who wrote (886)	7/30/1998 9:51:00 PM
From: Julius Wong	Respond to of 4916

Hi Larry: On FSESX: I think the key here is low oil prices, currently about $14. The average exploration and production cost is about $16. I'll wait for higher oil prices. I also read about the coming cold winter. However, past records showed that we were not that successful in long term weather forecast. FBIOX showed very good strength in a weak market. I guess some people rotated into Biotech and Health Care sectors. FBIOX and FSPHX moved up to the top 30% of all sector funds around July 20th. FBIOX has high relative strength. I think both FSRPX and FSTCX are oversold and undervalued. I just switched into FSTCX because my phone bills keep moving up. Best regards, Julius