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To: otter who wrote (43265)4/26/1999 1:47:00 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 95453
 
I rotated much of the FSESX money into a small cap fund. Small caps still very cheap and they are acting much better of late. And Abbey Cohen now is bullish on this sector. I see the Russell 2000 climbing 10-20% by summer with relatively little downside risk.

I bought back a little FSESX this morning and will buy more aggressively as and if the OSX approaches my target of 65-66.



To: otter who wrote (43265)4/26/1999 2:24:00 PM
From: VincentTH  Read Replies (1) | Respond to of 95453
 
otter,

Re: Reason for asking is (of course) the load that Fidelity has on these sector funds...

I manage my wife's IRA account who owns Fido sector funds. Normally I keep the 2 types of $$ separate: sector funds and non-load funds. Whenever I sell out of a sector or Fido loaded fund (e.g. FSESX), I would exchange it for the Fido Select money market fund. That way, I would not be charged with the load fee when I re-buy another sector or load fund. Of course I have to pay the $7.50 Red fee, which is OK.

Hope this helps,

//V