Consider the model case of Fidelity Low-Priced Stock (FLPSX), which posted an "active share" (a measure of how different the fund is from its benchmark) of approximately 90% in 2002. Not coincidentally, the fund shredded the index to the tune of 16 percentage points. Its 10-year annualized return is an even more impressive 15.8%, which puts its nearly 10 percentage points ahead of the S&P 500. Current top holdings include Petroleo Brasileiro (NYSE: PBR), DR Horton (NYSE: DHI), Safeway (NYSE: SWY), Oracle (Nasdaq: ORCL), UnitedHealth (NYSE: UNH), and Chesapeake Energy (NYSE: CHK).
No way in hell are we going to have a warmer winter than last year. It's very unlikely. And if I does...well more reason to move to alternative energy and clean burning energy due to serious concerns over global warming. It's kinda like a win win.
Like the hot summer, law of averages dictates a very cold winter. I know it's not scientific, but the Farmer's Almanac is generally correct on trends, they are calling for a much colder than normal winter across the country.
Thanks for this fidelity info. This is very significant to know a very profitable fund is holding CHK. Just "more accumalation despite market manipulation." I invite you to view my yahoo! message board called momsonlinestocks. You can see I picked CHK when it was at 13 a long way back. I am out of it now due to massive hedge fund shorting in the entire energy sector(IMHO). It is a dead trendless stock on paper but when this puppy breaks out, I believe we will see new highs very quickly. This stock convinced me to become a technical analyst, believe me. I mean, on paper this co should have broke new highs long ago. I will re-enter when the timing is right.