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Blue Nile Inc. Message Board

  • thetechtraderca thetechtraderca Apr 3, 2013 10:42 AM Flag

    Harry Boxer's Charts of the Day

    Harry has posted a Charts of the Day video on NILE at TheTechTrader site noting: Blue Nile Inc. (NILE) has been on the short list for a while, since February it cracked near 30.54 and formed a bear wedge as a successful swing-trade short, and then it moved back up to test key resistance, banged up against it for a couple weeks, and rolled over on Tuesday, down 48 cents to 33.36. Watch for downside follow-through that may take it back to the 29-30 zone.

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    • I urge traders to be very careful. NILE screams short totally over priced....and sits at a PE over three times the sector average while preforming poorly against the sector. The funds that own MILLIONS of shares of NILE and control the float ( you can check the list of crooks) and control the bid and ask of NILE. They use the press to manipulste the trade.....get your to to into the option market for puts becasue there is NOTHING available to short....and then run the stock up by manipulating the results and throwing cash at the company to boost artificial profits. Sure it sounds far fetched.....But it is not that hard to imagine funds that hold 180 million dollars of NILE to throw a few million dollars at NILE so they can post a number that beats lowered eestimates. They have been doing it for years. They can not SELL NILE....The own millions of shares of this sham company and lately they can ot even muster up 200 K in volume a day. Yes NILE seems to be an excellent short. The charts are setting up perfectly......but you are playing agains funds and institutions that have hundreds of millions at risk with NILE. NILE will never trade at fair value as long at the institutions and funds control and manipulate the trade of NILE.

      Sentiment: Strong Sell

33.73+0.16(+0.48%)Aug 29 4:00 PMEDT