Not a big surprise following the bad earnings release last week by Blue Nile but I’m still happy to announce that I am closing the trade on Apple (AAPL) / Blue Nile (NILE) from May 24th. The trade sits at +20,68% as of the close and will be closed out at tomorrow’s opening.
The trade had some tougher times during the whole Iphone 4 antenna debacle but in the end, the overvalued company lost enough value to make this trade worthwhile. And yes this does mean that a new trade will be coming on Monday. Our premium members have a good idea what is coming..:)