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Blue Nile Inc. Message Board

  • stuckinamobile stuckinamobile Oct 18, 2013 1:18 PM Flag

    Welcome to the pre earnings run up. No volume becasue trade is fixed.

    This is the time the institutions and funds that control the float of NILE run up the stock. So in the case NILE that NILE can not create enough profit from fund contributions to meet projections, the decline in the stock acutally just takes it to where is was prior to the manipulated run up. NILE's profits are created by cash flow contributions by the funds and institutions. I have show you before how funds can make millions by trading very few shares on a controlled bid and ask of NILE. This will be critical this quarter as NILE has failed to sell high priced diamonds in an economy that is supposed to be growing.....but is not. Follow the pattern of this fund and institutional manipulation and play the stock accordingly. I do not know if the funds have enough money to feed to NILE this quarter.....But that is why they have kept reducing the estimates....So they can beat very, very weak numbers.

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30.63-1.09(-3.44%)Aug 3 4:00 PMEDT