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

To: Jim Battaglia who wrote (1391)	12/23/1998 8:03:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 4916

Hi Jim; Well I want to get set up for when these tulips do blow their wad, it may be some time but I want to be ready, you see on a down swing "when" it comes, if I time it right I can go short on many times the amount I could every afford to buy, as long as they don't move against me I can leverage to high heaven on the short side. I think MDY as a proxy takes out some of the volatility but it's much easier to short too, than trying to find shares on the stocks, and to heck with option premiums. --------------- Now on a different subject the new Sector SPDRs components and weights just got posted on the AMEX, ( started trading yesterday ). Man these look neat and you know exactly what your buying in the basket. And I can trade in or out, or short for $12 if these catch on they will give mutual funds a run for their money !!! amex.com Jim