Ive been looking everywhere one how to do this and nothing… please point me in the right direction. I dont have any animations on the object im trying to drag across the screen only in the x and y values. Plus the main camera has to be stationary> ive found this…http://forum.unity3d.com/threads/142758-Moving-objects-with-your-finger… and tested it on a cube and doesn’t move an inch on my phone.Thanks 
http://forum.unity3d.com/threads/132745-Drag-by-touch-issue-quot-lag-quotthis is what i found in the forums Exactly what i was looking for. Cheers!