Closing trade: Long Apple (AAPL) & Short Blue Nile (NILE)

By: ispeculatornew
Date posted: 08.09.2010 (8:53 pm) | Write a Comment  (0 Comments)

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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..:)

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