+3  A: 

You need at least <!-- --> to have a comment, and yes, you should avoid having "--" in the middle of the comment; the "--" are the actual comment delimiters. Other than that, you can just prefix it with any string and I think you'll be good -- e.g., <!--JEREMY_RUDD: -->.

However, storing data in comments sounds like a suboptimal idea. Can you elaborate on this? Have you considered whether, say, something like JSON might not be more appropriate?

John Feminella
I'll second the "suboptimal idea" comment. Comments are intended to be ignored - anything else is a hack, and opens you up to problems with other tools (such as Dreamweaver) that rely on similar hacks...
Shog9