Blue Nile (NILE) on Wallstrip

Posted by Howard
on August 27th, 2007

This was a huge miss on my part.

A classic breakout to an all-time high back in May 2007 and the stock has not looked back . I must have looked and passed at some point but I don’t remember to be honest. Just a symbol that did not catch my attention. If it had caught my attention, I might have come up with an excuse to pass. I mean…diamonds on the internet?

Blue Nile proves one thing. If you can sell a diamond on the internet, there is nothing you can’t sell.

Take a good look at the long-term chart to see what a break out to all-time highs can do…fast.

It can happen to you. Keep coming back to Wallstrip everyday and find a stock and an entry that is in your wheelhouse. In a weaker market that we are experiencing now, it’s time to build a good list. Blue Nile looks like a leader.

For now, I will pass on Blue Nile and hope that it’s strength means good things for the rest of my stocks. Brian takes a look at the technicals for those inclined to trade or start a position now.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.