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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: tekboy who wrote (49614)	12/28/2001 7:02:45 PM
From: Jurgis Bekepuris	Read Replies (4) \| Respond to of 54805

Hey, if everyone's waxing poetic, I'll rant a bit too. Did Joe Q. Investor learn anything in the last two years? As far as I see, the answer is "No". Yesterday, I had a co-worker come over to chat about stocks. He wanted a tip. I tried to gently persuade him that if he needs a tip, he should buy SPY - in the worst case with some QQQ intermingled - and forget about stocks. No, he is not interested in that. Actually he had tips for me. A couple of stratospherically valued tech stocks. His rationale? Not G&Ks, not PEs, not growth, not TA. Just plain old: "It is at 20 right now, it will go to 30, then I will sell." Why? He doesn't know. It's just a gut feeling partially based on the fact that the stock was at 50 before. Maybe I should remember this episode when I get upset about G-gamers not using valuation. At least G-gamers are selecting the companies using a good methodology. I just wonder if the current rally is on shaky legs. Jurgis - fully invested as always...