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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Dr. Id who wrote (20494)	3/17/2000 11:30:00 PM
From: Rick	Read Replies (1) of 54805

His broker strongly advised him not to sell his old blue chip, and not to buy the stocks I had suggested because their "PE's were too high and they had run up too much already". I suggested my cousin invest in Qcom last summer. His broker strongly felt it had run it's course for exactly the same reasons. My cousin finally got in around November, but he was not amused. Why do brokers seem to feel the height of investing sophistication involves finding non-performing stocks in a bull market? Is it simply the appeal of the non-obvious solution? - Fred

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