Like Cramer says, I never get in the way of anyone taking a profit. But the way I see it, as long as the broader markets are in good shape HD will participate or outperform. Oil prices are pulling back some. We should have a good job report Friday. It's a good setup for the S&P. We will likely see HD over $48 by the EOW, maybe $48.50.
2012 is the year of the blue chip. We've had a lot of confusion and turmoil with markets that the general public doesn't understand. They want to get back in, but are a little scared. They will want to buy something that is well run that they understand, nothing speculative. I'm holding until I see something wrong with the economy or broader markets.
Let the $ 50. come to you. It will get there. Home builders will be getting the love this spring. What better way to sell the recovery lie? It's all fraud. It's all good. Don't be greedy, be realistic, wait for the $ 50.