Seems like Johnson & Johnson bounced hard off its long term support line - would you be a buyer now?
Best Answer
192 points
seyobnats answered 8 months ago …
Johnson & Johnson are ALWAYS a quality buy anytime you have loose money to invest. The best thing about it is its solid product line which contains something for everybody and thrives no matter what the economic conditions. Babies always need baby powder, cut fingers always need Band Aids, and so on.
I can't think of a better time to buy it right after a bounce off it's lows. This is just about the solidest, most reliable blue chip stock you could buy, whatever the market. Buy and hold for your 401(k) or IRA and count the dividends rolling in continuously.
Answers
2082 points
alanj answered 8 months ago …
Be aware that the most likely reason it has bounced is that the entire stock market is in a short term bear market rally and it just pulled J&J along with it. Unless you are buying for a short term to catch the bounce I personally wouldn't be buying any stocks in this bear market until it has become a bull market. Then you can be a buyer. If you're interested check out
http://www.successful-investment.com/index.html . He went to all cash back in, I believe, May or June of last year and has saved his subscribers countless dollars. He also has a blog. Here. http://thewallstreetbully.blogspot.com/
