Trade: Home Depot

Today I removed my initial investment I made into my position of Home Depot.  The markets have gotten more volatile and turbulent and I expect this to continue as we move ahead.  The stock was up about $40 over the course of the last quarter from start to it's 52-week high just a few days ago.  I've made over 225% on my investment, so over 2/3 of my position contiues to exist.  It simply felt prudent to raise some cash and protect my gains.  The company reports in February and at these prices, I feel a perfect quarter and guidance is needed.  I feel like the stock could pull back to the 200 day moving average, at which point I could put my investment back in for awhile, if I wish.  I do have belief that the company will continue to do well in these early stages of rising rates, but I wanted to prepare for worse times, even at the risk of "selling into the panic."  I already know I didn't get my best price possible today, but my discipline has been telling me for a few weeks now that I shouldn't be so greedy.  Today, I decided to do what I've been contemplating for weeks and sliding my target point.  Now I will let time decide if I was calculated or emotional on this move.  Either way, I'm playing with the house's money right now and that's not something to complain about.  After this trade, Home Depot is approximately 8.9% of my portfolio.

Notes:
Stock Ratings: 1 = buy at current stock prices, 2 = buy on a 5-10% dip in stock price, 3 = sell on a 5-10% increase in stock price, 4 = sell at current stock prices to raise cash.  Ratings are based upon 12-18 month outlook on stock direction and not necessarily related to moves I make due to financial positioning.

Nothing on this site should be taken as advice, research, or an invitation to buy or sell any securities.  All views expressed are solely of my own and I am not a professional money manager.  Please consult with your financial adviser before taking any action in your own portfolio.