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11/13/13Wells Fargo & Company (NYSE:WFC) ~ Blue Nile outlook still positive, says Wells Fargo (Jutia Group)

[theflyonthewall.com] - Wells Fargo believes that Blue Nile's initiatives to drive wedding band sales appear to be working, while recent data points suggest that it is poised for further share gains. The firm views the stock's ... Read more on this. Wells Fargo & Company (WFC), valued at $221.00B, began trading this morning [...]

2/8/13Which Stocks Look Ready to Pop and Drop with Earnings Next Week? (KORS, NILE, DE, ANF, Z) (tickerspy.com)

Stocks tend to be most volatile around earnings season, when a good or bad report can make or break it. However, a good or even great earnings report doesn't necessarily translate into a huge pop for a stock. During earnings season, BullMarket.com publishes a comprehensive 25- to 40-page Earnings Preview report for the week ahead each [...]

8/27/12New Trade: Long OpenTable ($OPEN) & Short Blue Nile ($NILE) (Intelligent Speculator)

Wow, the last long & short tech stock for the year today as I no longer trade late in the year as I also did last year. Clearly, 2012's final returns won't be anywhere near what I was expecting or what had been achieved in the past 2 years. I'll certainly write more about  what [...]

7/9/12New Trade: Long TripAdvisor ($TRIP) & Short Blue Nile ($NILE) (Intelligent Speculator)

As I wrote in this weekend's tech newsletter, while most of my 2012 picks are doing very well (see the power rankings, the yearly stock picks competition, sustainable dividend portfolio and others), my tech long & short stock picks have clearly come up short this year so far as they have been in negative territory [...]

4/23/12New Trade: Long Zynga ($ZNGA) & Short Blue Nile ($NILE) (Intelligent Speculator)

It turned out to be a rather calm week both for my trading and in the markets. A bit down but nothing too serious, and certainly not as bad as some expected given the continuing European crisis. In the tech space, it was a very interesting week with earnings for a few companies such as [...]

4/12/12Closing Trade ($TZOO, $NILE) (Intelligent Speculator)

Today, I am able to close a new trade, the one opened just 3 days ago when I went long Travekzoo (TZOO) and short Blue Nile (NILE). Why so quickly? Because Travelzoo is apparently putting itself for sale, which resulted in the stock rising nearly 30% today. Lucky? Maybe.. Who knows. But after being crushed [...]

4/9/12New Trade: Long Travelzoo ($TZOO) & Short Blue Nile ($NILE) – Battle Of Falling Knives? (Intelligent Speculator)

It's been a solid couple of weeks here for the stock picks. Despite being unable to close out new ones, my average long&short tech stock trade now averages well over 5% giving an annualized return over 50% so far this year. It doesn't quite matchup to last year's return but it's still good enough for personal satisfaction. [...]

2/21/12New Stock Pick: Long Apple (AAPL) & Short Blue Nile (NILE) (Intelligent Speculator)

Well after an amazing start to 2012 in terms of stock picks, the last couple of weeks have been much more rocky and in fact my average stock pick is now barely break even which is a disappointment of course. I am not worried too much about it because this a long term strategy (even though picks [...]

2/16/12Closing 2 Trades (AAPL, NILE, AMZN, RAX) (Intelligent Speculator)

Ah well.... this is certainly a bitter sweet post. On the one hand, it turned out that Blue Nile (NILE) did report very poor earnings and the "no-brainer" trade that I had done between the best (AAPL) and the worst (NILE) turned out to be a great one. Today, NILE lost 10% or so (it [...]

1/20/12How I Caculate Returns For Long And Short Tech Picks (Intelligent Speculator)

You might think it's obvious right? I mean you buy and sell a stock then depending on the return, you can calculate a return. For example: I buy 100 shares of Microsoft at $26.11 and sell them for $28.25. What is the return? 100 x (28.25-26.11) = $214 profit Return = Profit / Invested Amount = $214/$2611 = [...]

1/16/12New Trade: Long Apple (AAPL) & Short Blue Nile (NILE) (Intelligent Speculator)

No, no, this is not a repeat post, I'm actually opening up the same trade that I traded on January 6th only to close it a week later or so. I always try to find good trade opportunities and while it would be nice to always come up with new trading ideas, I've got to [...]

1/12/12Closing A Trade, Already! (AAPL, NILE) (Intelligent Speculator)

Wow, I had talked about having butterflies in my stomach, about how things might be more difficult, especially if my first few trades did not go well. Knock on wood, but so far so good. One week after opening the trade where I went long Apple (AAPL) and short Blue Nile (NILE), the trade ended [...]

1/5/12New Stock Pick: Long Apple (AAPL) & Short Blue Nile (NILE) (Intelligent Speculator)

Wow, this feels good. Even writing the title of this post had a nice feeling. Why? Because I have not had the opportunity to open a new technology long and short stock pick since last August. There were logical reasons behind that and I have to say that things did work out for the best [...]

8/4/11Closing One More Trade (AAPL, NILE) (Intelligent Speculator)

Good evening! A quick note to let you know that we will be closing out one more trade on tomorrow's (Friday) opening, our July 19th trade where we went Long Apple (AAPL) and Short Blue Nile (NILE). The trade currently stands at +22.57% but Blue Nile announced its latest earnings after the close. Those earnings [...]

7/19/11New Trade: Long Apple (AAPL) and Short Blue Nile (NILE) (Intelligent Speculator)

In some ways, nothing is really surprising about this trade. I've been very consistent about being long Apple and even more consistent about shorting Blue Nile, both have even been paired up together a few times. What is rare however is for us to open a new trade just before earnings. In Apple's case, earnings [...]

7/11/11New Trade: Long Travelzoo (TZOO) & Short Blue Nile (NILE) (Intelligent Speculator)

Two weeks ago we were able to close out a trade and I had not seen any great opportunities but today I'm ready to get going again as I hope to keep up the great track record that I've had so far. I will try to update the summary but our annualized return currently stands [...]

6/22/11Closing 2 Trades (CTRP, VCLK, AAPL, NILE) (Intelligent Speculator)

Good afternoon! Trades are certainly being closed out more quickly these days and I won't be complaining about it, you can count on that! Tomorrow morning, we'll be closing out 2 trades that both reached their limits. It's not great news but there is one good and one bad trade in there so I can't [...]

5/30/11Fees Involved In Long & Short Trading (Intelligent Speculator)

A couple of weeks ago, we received a question by email (we always like to receive them, drop here if you have your own) relating to our long & short trading. The reader has been executing some of our most recent trades and was being hit with a 2.6% annual fee for being short Blue [...]

2/23/11New stock pick: Long Apple (AAPL) & Short Blue Nile (NILE) (Intelligent Speculator)

We had intended on making a new pick on yesterday (since US markets were closed on Monday) but it has been a crazy past few days so here we go today. 3 out of the current 4 live trades are basically flat with the only exception being CTrip (CTRP) and Valueclick (VCLK) which is currently [...]

11/5/10A Few Short Squeezes To Consider (TSLA, NILE, BBBB) (Benzinga)

High short positions in companies can worry investors, as it is usually the sign of a problem with the fundamental aspect of the company. When you see short ratios north of 20%, it should raise a red flag. On the flip side of things, if you see a company with a high short ratio, it might be worth looking a little deeper into the company. Perhaps it's misunderstood. Perhaps it had a problem in the past that it has put behind it , but the market hasn't recognized it yet. Short squeeze...

11/5/10Blue Nile Shares Surge Despite Lackluster Outlook (Benzinga)

Shares of Blue Nile (NASDAQ: NILE) surged almost 10% in early trading after reporting Q3 earnings. Blue Nile reported 3Q10 results which fell short of expectations, with net revenue of $67 million, up 1% y/y, below consensus of $72 million. Adjusted EBITDA of $6.6 million, up 4% y/y, matched our estimate. EPS of $0.19, up $0.02 y/y, was $0.01 ahead of consensus. Management provided 4Q10 revenue guidance of $106-$115 million, or 3-12% y/y growth, implying total FY10 revenue of $324-333...

11/4/10Blue Nile Misses Revenue Estimates (NILE) (Benzinga)

Blue Nile Inc. (NILE) reports Q3 earnings of $0.19 versus consensus of $0.18. Blue Nile Inc. reports revenues of $67.5 million versus consensus of $72.05 million. "We delivered record third quarter sales, operating income, non-GAAP adjusted EBITDA, and earnings per share in what remains a challenging consumer environment. During the quarter, sales trends were uneven and reflected consumer confidence levels, which were at historic lows," said Diane Irvine, Chief Executive Officer. "Sales...

9/27/10New Stock Pick: Long Amazon (AMZN) & Short Blue Nile (NILE) (Intelligent Speculator)

Long time readers of this blog will be shocked by one of these two picks and not surprised one bit by the other. I have been a consistent short investor in online jeweler Blue Nile (NILE) and while last year it was not as obvious, this year has been a home run every time. It [...]

9/22/10Closing trade on Apple (AAPL) vs Blue Nile (NILE) (Intelligent Speculator)

Finally! It took some time and while we were still making picks in our premium newsletter every week, we were anxious to put some more trades on the table. Finally today Apple continued its spectacular rise and helped the trade reach its "stop gain" point. As it stands, the trade on long Apple (AAPL) & [...]

8/16/10New Stock Pick: Long Apple (AAPL) & Short Blue Nile (NILE) (Intelligent Speculator)

To regulars here, this stock pick might look very familiar as being short Blue Nile (NILE) is kind of a tendency for me. So far this year, I have made a short trade on Blue Nile against Netflix in January (+63%) and also in April (+19%). Then, I went short again in May against Apple [...]

8/9/10Closing trade: Long Apple (AAPL) & Short Blue Nile (NILE) (Intelligent Speculator)

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 [...]

8/6/10Blue Nile, Overstock Lead Dotcom Decline (NILE, OSTK, PCLN, NFLX) (tickerspy.com)

Online diamond retailer Blue Nile (NILE) got beat up on Friday after posting weaker-than-expected second quarter results. The company earned $2.8 million or 19 cents per share for the period, roughly in line with the $2.84 or 19 cents per share a year earlier. However, EPS came in below analyst consensus, as did [...]

5/24/10New stock pick: Long Apple (AAPL) & Short Blue Nile (NILE) (Intelligent Speculator)

With only 2 active trades right now (RIMM vs YHOO & PCLN vs TZOO), we are now ready to take on a new trade. There were many options available this week. I always feel like when markets go down so much, many of the securities in my dashboard become mispriced and so there were many [...]

4/26/10New stock pick: Long Netflix (NFLX) & Short Blue Nile (NILE) (Intelligent Speculator)

Since I am able to close out a trade this morning, it also means I can enter a new one. I am going with two companies that I have traded against each other with great success earlier this year. The main reason for the trade remains the valuation mismatch between the two. While Netflix (NFLX) [...]

2/18/10Closing 2 trades and a look back on the two remaining live ones (Intelligent Speculator)

It is now time to close 2 trades, one that went badly and the other which went better than I could have hoped. I will start with the good one! LONG NFLX/SHORT NILE Blue Nile is a difficult stock to short because it is very volatile and trades at very high P/E's compared to its peers (in [...]

2/16/10Blue Nile Begins to Fall Out of Orbit - Valuation Remains Rich; Offers No Safety (COMMON STOCK $ENSE)

We wrote in December that insiders at Blue Nile (NILE, $49.11) were smartly taking advantage of the company's rich valuation (please see our October post) to unload personal holdings in the high $50s and $60s. Sales continued in January and February (from Yahoo! Finance):Last week, the company reported results and guidance that fell short of consensus estimates (reported by numerous media outlets

2/13/10Blue Nile (NILE) And Valentine's Day (Short-Term Trading)

Susquehanna Financial Group analysts Marianne Wolk and Malindi Davies maintained their Negative rating for shares of Blue Nile, Inc. (Nasdaq: NILE) and price target of $34. Blue Nile (NILE) Maintains Negative Rating, Falls 4% Blue Nile Announces Fourth Quarter and Fiscal Year 2009 Financial Results NILE ended down on Friday 5.82% to$49.39 Down trend in weekly and daily time frame. Negative divergences in the weekly and daily charts. Positive divergences in the 60 minute...

2/12/10Blue Nile shares, as pricey as their wares (NILE) (AlphaNinja)

Was that the most awesome title ever??? Online jewelry company Blue Nile (NILE) shares are off only 6% today, incredibly, after a very disappointing earnings release and conference call last night. They came in 3cents shy of earnings per share expectations of 38cents, and revenue of $102.9million only missed the street's estimate by 3%.  Doesn't sound bad, but when your stock trades at a Price to Earnings ratio (even net of $3 cash per share) of 44times trailing earnings and 37times...

1/18/10New trade: Long Netflix (NFLX)/Short Blue Nile(NILE) (Intelligent Speculator)

Last week, I posted my opinion on Amazon and how it might lose a lot of ground when the Apple Tablet comes out. I had signaled I might be trading on this stock in today's new trade. That is not happening after all. I did spent a lot of time looking into Amazon's valuation [...]

12/21/09Sizable Insider Selling at Blue Nile (Smart!); Bidz.com Under Pressure (Yet On Sale) (COMMON STOCK $ENSE)

Insiders at Blue Nile (NILE, $59.57) are smartly taking advantage of the company's rich valuation (please see our October post) to unload personal holdings - from Yahoo! Finance:Meanwhile, Bidz (BIDZ, $2.00) still garners no attention from the Market, likely because of "hair" we highlighted previously and softer-than-expected 4Q09 guidance. Recall that the "hair" includes a modest amount of

11/23/09New Trade: Long Blue Nile(NILE) – Short Yahoo(YHOO) (Intelligent Speculator)

Many would have seen this one coming, especially on the short side. I wrote last week about how I thought Yahoo was difficult to trade on right now and actually was uncertain about entering a trade. But this weekend I spent some time trying to see if the luxury markets where Blue Nile does business [...]

11/23/09New Trade: Long Blue Nile(NILE) - Short Yahoo(YHOO) (Intelligent Speculator)

Many would have seen this one coming, especially on the short side. I wrote last week about how I thought Yahoo was difficult to trade on right now and actually was uncertain about entering a trade. But this weekend I spent some time trying to see if the luxury markets where Blue Nile does business [...]

10/27/09Earnings will sink NILE ()

Blue Nile, Ticker: NILE (Originally published Oct 27th, 2009) I woke up this morning and went cruising in search of the next BIDU, i.e. a stock with growth but an insanely high P/E that is too high for the earnings growth. Instead, I found a stock that has zero or negative growth and still an insanely high [...]

3/21/09IS recommended readings! (Intelligent Speculator)

It wasn't a good week for us in the markets, but we still had a good time looking over the web. Many interesting readings, here are a few of my favourites: Wealth Strategy: Track your Net Worth - excellent motivating article by MDJ about how to track and improve your financial situation Zach agrees that Blue Nile(NILE) [...]

3/19/09Tough day and week!! (Intelligent Speculator)

For most investors, the past few days have been great to watch with the S&P 500 up over 17% in the past 7 trading days, 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 [...]

2/18/09PCLN & NILE announce results (Intelligent Speculator)

Just a quick note to let you know that the trade I had reported to be struggling a bit on last time seems to have taken a major positive step today as PCLN announced impressive results with 21% of increase in revenues. Because of these results, PCLN is up over 10% after hours which will [...]

1/11/09Closing PCLN vs NILE (Intelligent Speculator)

1/6/09Quick note on last trades (Intelligent Speculator)

Good evening to all of you. I am writing a quick note to let you know that I now take back half of the trade I had suggested December 17th (see here). In that trade, I had suggested going long Priceline (PCLN) vs short Blue Nile (NILE). I had done so on a medium to [...]

12/17/08Internet stocks play (Blue Nile vs Priceline) (Intelligent Speculator)

In the current environment, even a tech stock can be very different from one to another. An interesting way to look at things is through Priceline.com(PCLN) and Blue Nile.com (NILE). You might have heard of both but in case I will give you a brief description. Priceline.com is a travel comparison website that offers the possibility [...]

10/21/08Looking at the bright side of things today (The Essentials of Trading)

I suppose I can't really complain too much today. It's been a grind, to be sure. I had to write earnings previews on for stocks and will be listening in on a conference call later this afternoon. You know how much that thrills me. Here's where the nice part comes in, though. This morning I [...]

2/13/08A Notable Call On Blue Nile (Top Gun Financial Planning)

This morning before the open Notable Calls, a blog on my blogroll that focuses on notable calls from the Wall Street analyst community, put up a post "Blue Nile (NILE): Bounce @ $40?" (For some reason I can't get the link in right now - go to the main page to see it). Sure enough, Blue [...]


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