Another thing to mention is that enchanting mats have no deposit cost, so they can be fairly forgiving to start with. Watch them over the course of a week or so, figure out what the lower prices are and start buying there. Then start selling a little higher later. The weekend is usually best, people pick up gear in longer runs and want to get it enchanted.
I've done well buying and selling gems. I stay almost exclusively with red gems as they turn over quickly with people wanting dps type stuff (str, sp, agility, etc...)
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