resistance 3050p3 Jul 2013 16:17
Resistance is around 3050p. If it breaks that, and well do come ex-dividend date 3rd August, I'm buying more here, though having sold my Novartis ADR after 12mths. Though, after doing my research owning foreign stocks isn't exactly easy to understand. With FDWT ( 35% in Novartis ), though it were and still is undervalued, the dividend of 4% gets reduced to 2.3% after tax and FX rates. But the shareprice has outperformed GSK & AZN , though underperformed my JNJ holding. JNJ is still doing well...and looks like one of the DOWJ industrials to cross $100 maybe in next 5-10years. Funny, Buffett sold JNJ in Nov, just before it started its climb now from $66 to $85.