Home Despot
By Steve Abraham on Dec 13, 2007
Home Depot is a stock that I have talked about before. It appears that this stock is stuck in a downtrend and shows no signs of reversing. Economists predict that the housing recession is going to continue into early 2009. Home Depot has struggled ever since the housing market topped in early 2006. It has also lagged LOWE’s for awhile, but LOWE’s is getting crushed as well. Here is the chart. I think the stock moves lower.
6 Responses to “Home Despot”
Everyone knows that Home Depot overpays employees, and overcharges customers. And lowes does the opposite. It didn’t take Wizetrade to tell me that Home Depot is going down.
Wizetrade doesn’t show any sign of recovery soon. And the housing recession was just reported to continue with an unknown date. ABC News to go, just reported a new all-time unemployment record. This will surely knock up another year.
HD is a buy here, 25.Target , 27.42
Wow. There’s a lot of Home Depot haters here. While I do agree with much of what you’re saying…If you use wizetrade all of that “press” and “competition” don’t matter.
I’m back again. I can’t get away from this one. It’s so interesting. There are some ways you can make money with this stock. But you would’ve had to place an option and a stop-loss.
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I totally agree. Especially with the housing slump. For the past year, Home Depot is always empty. They used to be really staffed. Now they seem to only have 2 people running the whole store.
This chart is pretty enticing. But even though Home Depot is in a major slump, I still profit from them using my wizetrade charts.