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To: Lizzie Tudor who wrote (7382)2/12/2006 10:16:55 AM
From: Mary Cluney  Read Replies (2) of 15857
 
well, I don't read barrons too often although I do know they tend to bash every "hot" stock, which to me means they bash any successful company.

Tell me about it. Barrons once cost me a lot of money.

It was in the mid to early 90's. I had investments in AOL when they had only 200,000 subscribers for their bulletin board services, Iomega the storage device maker, Intel, Amati, and Qualcomm.

Barrons was constantly bashing these stocks. Fortunately I was able to hold on to most of these stocks as they rose in price. The guy who was bashing Iomega didn't know the difference between disk storage and computer memory storage.

One weekend, I felt my portfolio vulnerable and Barron's came out with this article about the fraudulent technology that Qualcomm was working on. The Barron's expert was absolutely positive what Qualcomm was working on could not possibly work. Of course there were people that knew this article was coming out n the middle of the week before the article was published. Front runners sold off the stock. I was nervous and the article caused me to sell off my investment in Qualcomm. I had intended to get back into the stock after the Barron's caused selloff. After the initial selloff, the stock never looked back. I was never able to get back into that investment. The stock split 3 times after that.
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