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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Wallace Rivers who wrote (24553)	8/8/2006 11:30:03 AM
From: Paul Senior	Respond to of 78753

I added to JNJ earlier this year in a taxable account: I want to try to hold for at least 12-mo. Stock does not seem that expensive to me now (based on p/e compared to past years), where I feel compelled to sell. MMM's in buying range, imo. I'll add more to my MMM position if stock breaks to new lows on no adverse news.

To: Wallace Rivers who wrote (24553)	8/8/2006 11:14:07 PM
From: Spekulatius	Read Replies (2) \| Respond to of 78753

JNJ, MMM Considering swapping JNJ for MMM. . I have been thinking the same thing. I sold about 40% of my position (which resided in an IRA) today . Rationale is reversal to the mean -JNJ is up 10% up since i bought it, while most peers are down. My big concern is that both devices and pharma may have trouble to grow - my plan is to put proceeds into something like GE or MDT which are trading near the lower limit of their LT valuation range. MMM is not yet a choice but i'll have a 2nd look. In any case i'll continue to hold 60% of my JNJ position in my taxable account.