Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (48995)	4/22/2009 6:11:35 PM
From: Maurice Winn	2 Recommendations Respond to of 218145

Credit where it's due: <for i am doing you a favor, and have been since our first exchange> Indeed you have done and are. Without the bright lights you shine on various things which I would otherwise have been unaware of, I could end up in big trouble or miss big opportunities. I very nearly made a fortune shorting HOV but due to hangover of tax audit and NZ's "trading as a business" tax rules, I decided to be cautious and thereby missed a move from $55 to near zero. I would not have found HOV without your attention and early [too early, though not really too early] shorting of same. Ignorance is my stock in trade and ameliorating the blight is a life-time work with hazards aplenty. Having massive parallel processing in cyberspace with swarms of eyes scanning the horizons hiding in pixelated processes and in real-time 3D action, I can enjoy the benefit of legions of troops being my look-out and wise counsel. When the lookouts also use applied intelligence as you do, it adds even more to the equation. Which is not to say slavish adherence to any misbegotten screwball idea you come up with as a result of your woeful ignorance is my intention. To the details: <cash> is a means of exchange, and a very temporary store of value. <gold, and platinum, and silver are savings> Is true enough and a store of value, which goes up and down with the up and down drafts of history. Also a clumsy means of exchange with high entropy. <- rental real estate is investment> True, houses are homes and are not. <- stocks are speculation> Not at all unless one is speculating with them, hunting bubbles of irrational exuberance or shorting them when ready to pop. Over a lifetime [heading for 50 years of share investing] I have found stocks to be highly rewarding, normally, for the most part. Bailing out at the top and buying at the bottom is desirable as doing the reverse cancels out all gains. <- houses (in the sense you may mean, meaning own residence) are consumption disguised as investment as manipulation of tax rights in attempt to grab hold of citizens as tax-serfs, mortgage principle slaves and interest cows, and nothing more than that except perhaps as the chips on the gaming table occupied by financial elites with free access to your wallet by way of central banking power money via first right of refusal atm draw> Indeed. I have been well aware of that principle for decades. Note that cows are cattle and chattel is olde Englische for cattle and serfs and slaves are chattels to be disposed of at the whim and wish of their owners. Citizen proprietors with tradable rights are not chattels, cattles, cows, serfs or slaves. When they vote their property instead of OPM, election outcomes would be very different from the normal kleptocratic suffocatocracy results. <- company operated pensions are hopes> Indeed, mere promissory notes. Which is why I bailed out of BP's in 1989 when I retired coz I figured my handling of my money would be an order of magnitude better than the self-dealing pension proprietors. I had only contributed to appear to have intentions of being there for the long-term which seemed to be an obsession of corporate management back in the day. I got my money back, without the company contribution and maybe even without interest. <- government sponsored social security is a waste of hope> Not to mention a deadly trap, likely to prove actually fatal in the sense that at some stage, care of decrepit baby boomers will become so onerous that pulling the plug on the terminally aged will become less an ethical concern than it is at present. Medical treatment will be more parsimoniously provided than at present too. When government people take money now and promise to give some back in a couple of decades, extracted from some yet to be born taxpayer, it's not a reliable promise. Meanwhile, Qualcomm postponed giving their results today. I hope that's not a bad sign. Apparently it was related to something to do with arch-nemesis Broadcom and an imminent announcement. In after hours, the share price apparently went up to $42 from $40, so the rumour of settlement might be more true than false. Mobile cyberspace is now hot and torrid and news around the world. You have probably heard of netbooks now. They will be powered by little gadgets called Gobi. Snapdragon is another name you should tuck away in your mind. You have no doubt heard of Nokia. And Intel? Remember when Intel was huge and Qualcomm was a gleam in Irwin Jacobs' eyes and drool out of both sides of my mouth? A week or so ago Motorola $11bn Research in Motion $36bn Nokia $49bn Qualcomm $67bn Intel $86bn Apple $100bn GE $124bn IBM$132bn Microsoft$167bn Do you see that Intel is not so very much bigger than Qualcomm now? Intel is not so strong on netbooks or mobile cyberspace devices such as your amazing little 3G gadget. They sell Wintel monster processors which are going out of fashion. Gung Ho, Mqurice