Re: [RT] an interesting chart

["Scott Winsor" <s1f1winsor@xxxxxxxxxxx>]

    Adjusting for 
volatility, FSDCX appears to track the Amex Networking Index(NWX) and the 
Internet Infrastructure Holdrs(IIH) pretty closely.  The latter two are 
almost twice as volatile as FSDCX and have doubled off their October 
lows.
    FSDCX has also done a pretty 
good job of tracking the Amex Telecommunications Index(XTC) with about equal 
volatility.
    I don't have any thoughts on 
Fibonacci ratios, but before you buy into FSDCX, you might consider the 
following:

  
    1.  A bet on FSDCX sounds like a bet on 
    a return of the internet craze.  Do you expect that to 
    happen?
    2.  Fidelity charges a 3% load on its 
    Select (sector) funds.  They also charge a 1% redemption fee 
    on short term holdings.  The IIH is an EFT and, of course, 
    does not.  There are probably other substitutes, also.
    3.  It looks like you would get more 
    bang for the buck by buying the IIH or a representative stock. (As of 
    12/31 FSDCX's largest holdings were MOT, VOD, and L.  This sounds like 
    a return to the bubble days of old - see #1 
    above.)                  
    
    4.  Of course, there are many different 
    philosophies of trading, but do you want to buy into a sector that 
    has doubled in the last ninety days?  Some people 
    might consider that too courageous and wait for a 
    pullback.    
    Having said all that, I 
have had some success with the Fidelity Sector funds.  I maintain a 
Fidelity account where the 3% load is paid.  Sector trading can be 
profitable, if you do your homework.  It works real well in a bull market, 
not so well in a bear market. Take a look at <A 
href="">http://personal.fidelity.com/products/funds/browse_frame.html.cvsr
and click on Fidelity Select Portfolios.  
They have a pretty good menu from which you can pick your favorite sectors. 

    Good luck.
-Scott Winsor
 
 
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  <A title=Dobberkcd@xxxxxxx 
  href="">Dobberkcd@xxxxxxx 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="">realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Wednesday, January 15, 2003 10:28 
  AM
  Subject: [RT] an interesting chart
  I ran across the chart on FSDCX (10 yr) last week and found 
  it interesting.About 6 yrs ago,it double topped at around $90 and fell to 
  below $10.it has poked along in that territory until last week when it crossed 
  the 50 da moving average.Have a look .I found it interesting and 
  bought.Fibonacci ratios would propel it around $52.Any thoughts?To 
  unsubscribe from this group, send an email 
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