JNJ did not participate, so I can only assume this is a pump and dump on this one?
I've done the Buffett rally on a few stocks and they seem to go up in the short term (a couple months)Then tank in the mid-term and shine in the long term. This one passed his staffs scrutiny, I would say the Buffet rally hasn't started.
Short term, it's just bad timing. The market weakness may allow us to step back in for the low 60's.