I bought more shares yesterday and again today, but even JNJ is not Safe anymore, best to hold for now, I won't buy anymore as it may go down another $5 or $6 a share before it starts another uptick. These are troubled times to say the least. Well at least the sun will come up tomorrow and if it does;nt the Markets will be irrelevant as will JNJ and everything else. Time to go for a walk with the dogs and enjoy the fresh cool air. Good luck to all
iroc, well this earnings report should put your thoughts to bed. You are so far off you need to rethink everything. Crushed whisper # and actually raised 08 guidance. Terrifically strong report and forward looking statements. Wow !
But it is not where it was 10 years ago today. Morelike 10 days ago. That was brief wasn't it?
Think about what you are saying. It might test it's all-time high in the next 12 months. I certainly believe it will.
Wise ? JNJ back to where it was ten years ago.
or to put it another way. Ten years of gains wiped out in two weeks. Meanwhile I'm not getting any younger!
My brother calls it a conspiracy. I can't dispute it.
No stock is absolutely safe, but JNJ is definitely recession resistent and a big global leader in its field. Today's drop with JNJ,PG and KFT tells me the fall is almost over. When even the 'safest' consumer staple stocks get pummeled after many brutal market days, I smell capitulation in the air. The selling of everything without regard to their fundamentals or stable business fundamentals tells me we've entered the completely irrational phase of the selloff. People say head for the hills with gold, so I can't help but think its buying time.
How about AAA munis. How about an 8% tax-free dividend , No kidding, KTF, a 20 year old muni bond fund trading at 7.60 with a NAV at 10.30, why bother with stocks. Every expert on CNBC says buy munis.
JNJ has a AAA credit rating. One of VERY few companies to maintain this rating. JNJ is an extremely diversified business across pharmaceuticals, OTC products and medical devices. I am EXTREMELY long in JNJ over 25 years with THOUSANDS of shares in my portfolio. I will buy more at this level. This is just CRAZY. Why would you not buy a QUALITY company like JNJ????
Well today is the day JNJ went down that $5 I alluded to the other day, but now I know I will still not buy anymore shatres of anything period. When a great company like JNJ gets slammed like it did today and the past few days and weeks. Call me crazy but even JNJ is not immune to what is going on in the world today. I read all kinds of stuff re Obama this or McCain that , the reality is that we are in this mess because we humans are greedy and we try to make a quick buck. Perhaps all of this turmoil will let people focus on other aspects of life besides Wall Street and Bankers and Politicians. As the great Scotsman Jock MacBile once said to all Financial folk to "Get stuffed". Good luck to all.
If you STILL believe the ratings agencies I feel sorry for you. That said, JNJ is one of the "safer" companies around. whatever that means nowadays. I'm not buying anything right now. I don't trust this market.
I have bought shares in JNJ this past week, but for now no more as I am now just sitting on what I have and wait for it to go under $57 then I will buy more. Now is the time for cash and gold and the JNJ shares I have as for bonds. Good luck