Monday, June 14, 2010

Increased JNJ position

Johnson & Johnson (NYSE: JNJ) has lost about 10% of its value since I included it to my portfolio late April by buying a small position in it. I decided to triple my bet in it making it now one of my largest stock holdings.

Back in April I thought it is an excellent company trading at fair price. The price still ain't cheap, but I feel this is a good entry point. Double dip or no double dip.

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