JNJ Jan 26, 2010.

Back in July I thought might have corrected enough and consequently I suggested buying some put options at the money with about 6 months to go. Clearly I was wrong as they expired recently valueless; I was 5 months too early and 4$ short, proving, once again, that timing is everything. The beauty with options is that you lose relatively little and can do it again which I warmly recommend. Should you own the stock sell it outright or put in a stop at about $60. (By the way , the chart for the last 2 years is similar to Goldman Sachs’.)

Here was the chart in July, 2090

jnj july 25

Here is today’s.

JNJ Jan 2010

and in more detail:

JNJ Jan  2010 2