Home Depot
- Thread starter vanzandt
- Start date
Be careful shorting this one Haji...
Things change.
Thanks. I will but why?
Look at the 6 month chart. Perfect inverse head and shoulders. (Any comment from the T/A folks on my assessment would be welcome)
The stores are busy too. I watch 3 of them... and one in particular is usually pretty empty in comparison to the others. My favorite one to buy from. Its really been packed since before X-mas. Small sample I know, but also look at the 10 year chart. I think it has $145 in it easily.
Bigger picture... a rising tide raises all boats, and I think we are finally getting ready to break 20K. If the Trump sell-off I swore was coming was in fact coming, it should have happened by now. The spring is coiled.
Barring an unexpected geo-political event.... the bull is gonna run. And HD will go with it.
But then again... I could be wrong.
But probably not.
HD is a great company and when I call it short, I do not mean it will get bankrupt. It will definitely go below 130 in the near future ( nothing is 100%). I believe market is overvalued and no matter we hit 20000 or not, market is poised to a 10% correction in the next 3 months. So when I short and it goes against me, I can wait and buy time by selling PUTs and delay the "tapout". Alos check out what happened after their last earning announcement.Look at the 6 month chart. Perfect inverse head and shoulders. (Any comment from the T/A folks on my assessment would be welcome)
The stores are busy too. I watch 3 of them... and one in particular is usually pretty empty in comparison to the others. My favorite one to buy from. Its really been packed since before X-mas. Small sample I know, but also look at the 10 year chart. I think it has $145 in it easily.
Bigger picture... a rising tide raises all boats, and I think we are finally getting ready to break 20K. If the Trump sell-off I swore was coming was in fact coming, it should have happened by now. The spring is coiled.
Barring an unexpected geo-political event.... the bull is gonna run. And HD will go with it.
But then again... I could be wrong.
But probably not.
What would be the impetus for a 10% correction?
The only thing I could see would be geo-political.
Sure we have multiple expansion, but never underestimate the power of the herd. 20K is psychological to be sure, but it will also be the headline on every newspaper in America. There is still a lot of money on the sidelines and it won't want to miss the party. There could easily be a fast and furious 5% run north.
The only thing I could see would be geo-political.
Sure we have multiple expansion, but never underestimate the power of the herd. 20K is psychological to be sure, but it will also be the headline on every newspaper in America. There is still a lot of money on the sidelines and it won't want to miss the party. There could easily be a fast and furious 5% run north.
The reason for a correction would be lets cash out the profit and hide it under the pillow for a while
.2017 will be more recessionary than inflationary and I do not see 3 interest rate hikes coming.
Sears selling Kenmore at AMZN probably opens the floodgates for the rest of the appliance makers to do the same.
An FYI: Back in the late 90's the appliance makers wanted to sell directly over the internet but HD and LOW balked at the idea, telling the makers that they wouldn't carry their products in stores if they went that route.
Good bye HD and LOW.
An FYI: Back in the late 90's the appliance makers wanted to sell directly over the internet but HD and LOW balked at the idea, telling the makers that they wouldn't carry their products in stores if they went that route.
Good bye HD and LOW.