TLS chart, page-207

You did the right thing buying into TPG and Telstra and now you are laughing !!

Yes I have a large position, it is "relative" of course but much bigger than QBE long position and it is bigger than your holding in 2011, already took a very nice profit a few weeks ago and re entered a few days later with much larger position and I am very far in the money on my long.

I had a big position long time ago.....and at that time the Australian Sovereign Wealth Fund was selling one billion shares and managed to push it down to 2.53 if I could remember correctly and I added some at 2.53 and later on it went to over well over 5 or 6 ?

I saw an opportunity in Telstra a few weeks ago and that was the first time I took a trade in Telstra again in many years and normally I don't stay this long on a trade but see a massive potential for a huge profit here and I am willing to adjust my trading to capture this possibility.......5 G technology will have a very positive impact on the bottom line I believe, and market may have under estimated Tesltra being the first.

Global market rally can not last and I am more concerned with a possibility of a sell off in the US and a quick profit is possible going short on the Index.