re: quiet b4 the run My thought for the week is this. The risk reward tradeoff for the hi flyer resource sector has entered a phase where many are starting to question the overall price of the market and are starting to play a less aggressive role. I am just starting to hear people talkd about a more defensive strategy and are positioning funds into (telcos and infrastructures) At the extreme, in my opinon, I would start to accumulate even telstra at around 4 to 4.25. Also, infrastructures such as mcg, a great yield and a great potential with digital tv, mobile tv. It is only a matter of time before the Australian govt mandates the takeup of Dig Tv. I am hearing over the next six months things will happen in Canberra. Once the telstra sale is finalized,this will become the legislation for minister Helen Coonan.
MCG
macquarie communications infrastructure group
