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To: TobagoJack who wrote (69743)	6/22/2008 3:02:08 PM
From: Maurice Winn	Read Replies (3) \| Respond to of 74559

TJ, go ahead then. I am loaded to the gunwales with QCOM stock. <i am fully willing to establish an equivalent position should you take up the opposite position, in whatever amount you care to place at risk > I have considered GE over the years and still prefer to avoid it. So feel free to balance my double wallop super-tranche position in QCOM with a double wallop super-tranche stake in GE at current prices. I'm currently at about 80% of investment [excluding house and chattels] in QCOM, 10% in cash of USD form [in a USA financial institution rather than under a mattress, which is a tempting idea] and 10% in family and local business. You won't match my money where my mouth is, but you could take a wimpy little dabble in GE as counterpoint, for fun. We real men go commando and leap into the fray, all or nothing. Hmmm, I do have some cash. I could short RIMM and you buy it? Or I could short GE and you could buy it? I have to be careful of my tax position as any investment I make has to be for dividends or I will be deemed to be a share trader and any capital gains would then be confiscated by NZ's IRD. So buying things is much more the way I like to invest, rather than shorting them, which is ipso facto share trading. I don't want to buy GE, but on the other hand, the P:E ratio is very nice, the dividends are up there at Happy Meal levels. But TeoTwawki would not be kind to GE as hairy legs might lead to hairy bum and back. One of my abiding principles is to not hold cash, and here I am with a lot of it which needs to be disposed of. But where the heck are the hills for me to head for? Yes, I know, join the Aztec clan. I have a plan, but it's not ready yet [the prototype is still in the shed]. It's hazardous holding $$ because Big Ben will lash people with cash, demanding that they get out there and spend it, and if we don't he'll dilute it and give it to those who will do so. Mqurice