Today I went for the investor day 2013 with one of my friends.My friend wanted to open up an account and he went for a reputed firm. One guy explained few things and after finishing documentary things he started his recommendations.His first two picks were Greg and ECL.I couldn't stop my self and I queried.Only reason was those shares are trading @ bargain prices. With my limited knowledge I told them there are many good shares other than these and told my friend not to jump into those.
My worry is if industry people recommend such shares for potential investors it is suicidal. ( I can reveal the the firm if I'm allowed)
I think we need quality ideas from genuine advisers.