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

To: Angler who wrote (1663)	3/13/1999 4:09:00 PM
From: Julius Wong	Read Replies (2) \| Respond to of 4916

Angler: The talk of OPEC agreement (?) helped the Oil companies. The gas stations here already increased the prices between 10 to 15 cents. FSENX and FSNGX all moved up sharply because of expected higher margins. Short term FSAIX is under pressure. How about the oil services? FSESX gained even more than FSENX last five days. But Oil companies will not increase exploration budget at $14.50 oil. I guess the oil companies will pressure the oil services companies to lower the equipment day rate. Many OPEC countries are broke. They want to observe the production cut agreement but they are flat broke. Probably they will cheat on the production limit. I like FBIOX. I am watching gold price. A 10% increase in gold price probably will lead to 50% gain in FSAGX. Julius