is this a good time to buy HD?
I already own 300 shares of HD but would like to buy another 700 shares. I like the company did my homework
but I am a valued investor and would like to have some input at what would be a good price to pay for this stock. Thanking you in advance ,...
Best Answer
364 points
ISIStudios answered one year ago …
Given that we're going into a period where we're going to see high foreclosure rates (which would in turn mean declining home sales) I'm not sure if I'd be a buyer of HD just yet. Assuming people stop making home improvements (or at least slow them down), Home Depot's sales are likely to suffer.
I'd probably sit back and wait for a bit until this stock comes in a bit more. It's also looking like it's in a solid downtrend from a technical perspective so I'd probably wait until it's built a bit of a base first.
Answers
4075 points
EthanR answered one year ago …
I sure hope so, Happy Feet, because I just bought 100 shares last week. However, I have to say on three recent trips to H.D., the aisles were not exactly jammed with shoppers, and it was easier than usual to get a parking spot. Not a good sign!
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1130 points
sundarkambam answered one year ago …
Sell HD.Not a good time to be in that Stock.
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2183 points
ChaosNantuko answered one year ago …
Its had a recent rally, but i'm not sure i don't it will be sustained. Its been in an extremely consistent downtrend for a while, and i think we're currently at an intermediate high. I wouldn't be surprised if it was down to 22.50 by the end of next week. in my opinion, today would be a good time to get out, given the recent rally
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