so maybe i shouldnt be shortselling the banks at the moment then hehe
No i must agree, i think resources are fully priced at the moment, they are so bullish on china to just continue on their merry way that i think if one small hic cup comes along with all this china asset bubble nonsense the resources are going to get a bit scared.
Next favourite sector if you ask me is REITS
anything with property should start gettin better if you ask me seeing as now the recovery appears to be underway.
Only resource stock i hold long is SDL and that is because i like the fundamentals of the company and it is still looking to start up. So cheap if you ask me!! they have so much resource there and drilling now to prove up more! along the tune of 500million tonnes??
There are risks but looking at the support of the government in cameroon and the infastructure they are going to be providing i dont feel these risks outweight the gain. you could buy now at 15c im thinking if you leave bid in the screen put a stop loss at 13c and watch her go this year!!
