Of course, it doesn't go back up "immediately" and I used an incorrect term. What I meant was that it will go back up to $100 in due course because it WILL bring in the great unwashed who will not pay $100 a share for any issue. So, in due course, we will have doubled our money.
I'm sorry you had such bad luck on INTC. That does not mean the same will occur with JNJ. In fact, I think once it splits allowing the people who can't/won't pay $100/share for an issue to get in, the stock will go right back up to $100.. It may take some time, but it will be back there, and we'll have doubled our money.
I most certainly hope so. I've been calling for one for a while now. And no one tell me that split doesn't do anything. It does when the stock goes right back up to pre-split levels, which I suspect JNJ will.