But there's reason to believe the stock will stay put for now, perhaps until Q3 earnings are out. Brian on Howard Lindzon's blog explains the technicals. Even with great fundamentals and growth, the Amazon of the diamond industry is worth waiting for, and not much more right now.
Monday, August 27, 2007
Rowing the magnificent Blue Nile
Blue Nile is exquisitely sexy, no question, and the fact that NILE is trading well below its recent Q2 earnings blowout high of $98 makes the stock tempting here.
But there's reason to believe the stock will stay put for now, perhaps until Q3 earnings are out. Brian on Howard Lindzon's blog explains the technicals. Even with great fundamentals and growth, the Amazon of the diamond industry is worth waiting for, and not much more right now.
But there's reason to believe the stock will stay put for now, perhaps until Q3 earnings are out. Brian on Howard Lindzon's blog explains the technicals. Even with great fundamentals and growth, the Amazon of the diamond industry is worth waiting for, and not much more right now.
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