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To: Dennis Wang who wrote (5257)1/29/1998 3:40:00 PM
From: Robert Scott  Read Replies (1) | Respond to of 19080
 
Barron's continues its success at being one of the best contrary indicators of the market as a whole and individual companies of any publication, with the possible exception of Individual Investor. It's a wonder anyone ever buys this paper except for this.

I remember back in early 1993 when they were telling everyone to sell the networkers because they were overvalued and increased competition and margin erosion was just around the corner. At the time, I owned 200 shares of Cisco at $80/share. Sold 100 of them because of the article. The sell off in 1994 was due to unfounded fear of ATM, something not even mentioned in the Barron's article.

Here's the chart since early 1993:

quote.yahoo.com