I have made significant amounts of money via the U sector over the last 2 years.
Clearly, if are a day trader you might be able to make some money, however,as I am not, I think the best advice is to stay out at the moment.
If you recall in March 2006, the U sector weant gangbusters at every single u stock went up > 50% (i bought gbe at 58 and sold at 87).
I could have bought GBE a few months later for 40c.
My point is, this is the second phase in the re-rating of the u sector, where u stock prices have shot up to ridiculous levels.
There is large amounts of money to be made for those who are patient, and who can spot those stocks with most potential.
I can guarantee u that sp's of most, if not all u stocks will be reduced by at least 30% by Feb/March, and if Alan Carpenter, Peter Beattie and most importantly Peter Garrett have their way in April, you might see a massive bear run in u stocks (Australian based) from April 2006 and beyond.
As a result, the risk factor is now massive if u own u companies based in Oz.
I will be sticking to Gold stocks in 2007, and will speak to u later in the year.
However, good luck in your day/short term trading of u stocks.
I am sure u will jump onto the bandwagon of many to come.
EPS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held