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Graph from Bigcharts.com.
Diary of share price movement: JNJ.
- 18/02/02 This is clearly a healthy and consistent stock, responding well to market forces. An adjustment caused an increase in the share price rate early in 2001, putting the company back on the growth rate experienced in 1999. At $60, this is a good investment over a 5 year period, although, one may prefer to wait another year for the price to fall to $50 and then invest (There is a periodicity developing that may see a drop in the share price in the next six months).
- 14/04/02 The recent decline could reflect an expected share price decline to about US$50.
- 19/05/02 A very consistent performance with good long term prospects, but with a short term tendency to decline to US$50.
- 31/12/2003 The "short term tendency" is on a longer period than expected. The likely trend is upwards to $60 in 2004.
- 22/5/2004. The share price may dip briefly, but $60 is still possible in 2004.
- 15/7/2005. A very consistent share investment. Safe investment over 3 years. This share may drop a bit, but is at the beginning of another 3 year cycle.
- 04/06/2006. The upward trend is starting. This is a buy now share. Sell at peak after 2 years.
- 04/08. This is a safe investment up to $75 in 2008.
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