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

To: Dennis who wrote (1668)	3/14/1999 9:46:00 PM
From: Angler	Respond to of 4916

Dennis: I'm not enamored of the oil sector yet. However, I think short term averaging would be okay to position into Energy. We can check the movement hour by hour tomorrow after 7:30AM on the West Coast for the 10 O'Clock NAV up or down, etc.. Consciously, I hope the oil import prices do not rise appreciably as that could open a can of worms that could ultimately affect the whole stock market eventually. For instance, even simple iterms like T shirt retailer plastic bags could rise in price. It all depends on whether the cartel can hold their production down. Angler

To: Dennis who wrote (1668)	3/16/1999 8:35:00 AM
From: Angler	Respond to of 4916

Dennis: Looking at the Energy Sector funds activity yesterday compared to FSAIX, it appears that we have gotten a message. Apparently air travelers, at least, will not be affected by rate increases - another sign of a strong consumer economy. Angler

To: Dennis who wrote (1668)	3/23/1999 8:53:00 AM
From: Angler	Read Replies (2) \| Respond to of 4916

Dennis: After watching the tape during last weeks runup in the Oil sectors, I bought in. Finally, it appears today with the big OPEC Vienna meeting they will get their act together so investors in the drillers and the producers should see some rapid benefits. Another proponent points out that the South East Asian market is poised for some recovery this year (?) and they will be big users of petrochemicals and oil. Summer driving is just around the corner. It's still early, I think, and in time to enter the sectors. Angler