Comments on: Long Priceline(PCLN) – Short Blue Nile(NILE)

By: Intelligent Speculator | Tough day and week!!

Intelligent Speculator | Tough day and week!! — Thu, 19 Mar 2009 11:02:56 +0000

[...] quite impressive! However, our own picks have been struggling this week, mainly two trades, the PCLN/NILE trade has been going through some tough times as Blue Nile surges forward. I recommend checking out [...]

By: IS

IS — Wed, 18 Mar 2009 21:27:55 +0000

Wow, I’m having a tough week so far. Both Valueclick and Blue Nile are pushing higher and I’m nearing my stop losses. Just hope i can hang in there and reverse!!!

I agree 100% with your short position, and will probably go short on NILE again if this one does not work out.

Great post Zach!

By: Zach

Zach — Wed, 18 Mar 2009 21:11:23 +0000

NILE much higher (likely on short covering) but I don’t think it can last. The company actually receives much of its revenue from items priced under $5,000 (read: engagement rings) and so the slow economy and high unemployment will likely continue to take a bite out of sales.

Recommending a short on Zachstocks: http://zachstocks.com/2009/03/nile/

No personal position

By: IS

IS — Mon, 16 Mar 2009 13:51:38 +0000

Opening prices are:

PCLN: 80.75
NILE: 23.83