I purchased shares of HD at $109.5 yesterday (4/29/15). The purchase was made after a 7%+ pull back from its 52-week high and brings my total position to 2/3 of my target allocation. No significant developments have occurred that change my thesis for owning HD, and the decline is not unwarranted based on valuation of HD relative to the S&P.
Going forward, I will look to make another purchase after an approximate 10% pullback from $109.5 (~$98.5) to increase the position to my full target allocation.
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