Investing 102

[GregWeld]

You guys that looked around your neighborhoods and decided that Home Depot (HD) was someone you'd like to invest with.... certainly got it right. It's up what ?? Like $4 in the last two days?


I've missed two things that if I'd have followed my gut hunch --- I "wanted to" short the housing stocks just prior to the crash --- and I wanted to buy housing stocks last year (I have three buddies in the biz and they all saw good things coming). I did neither.

Home Depot and Lowes are both "housing proxies".... * Newbs * a "proxy" is a way of buying a company (stock) that is a direct beneficiary of an industry etc without actually picking a name (stock) in the industry. Think of it like buying Goodyear if you thought "car sales" were going up. You wouldn't have to pick Ford or Chevy.