Hey, when you trade for a living, you never do stay away for long. I could be wrong, and I'm at the moment not long, but the really sad part about JNJ is that its basically a point off its 52 week low while the market tears higher. This stock is much more difficult to trade than a GE or Microsoft or Nokia. We'll see what happens, but I seriously doubt I won't be back with a long position shortly.
Don't worry, I'll be back! I've bought and sold JNJ about 5 times since we were in the 51 1/2 to 54 range (booking small profits and one decent one along the way). Now we're at $50 and I'm up, in cash, and ready to swoop back in whenever the opportunity presents itself. JNJ is a great company and a great long-term holding, but short-term its clearly been a slider. Nothing has occurred to really change that, I just thought we were due for a bounce to $51 and it would appear that 50 1/4 is probably closer to the truth.
Perhaps you can now move on to some other stock, and to another message board.
Anyone who does not have the patience to weather out current sector rotation and cannot wait for what should be profitable 3rd quarter J&J earnings should move on.