New Trade: Long Apple ($AAPL) & Short Blue Nile ($NILE)
by | Posted 1.9.2013 | Post Comment (No Comments)

While I’m still working on my tech stock power rankings, I am very happy to go ahead with my first long & short trade of the year today, especially with a classic one for me. I am going long Apple (AAPL) and short Blue Nile (NILE). In the short term, it might not go my way but I continue to think that these stocks are massively misvalued. On an equal basis, Apple is making over 4 times what Blue Nile makes in earnings per share. Before I get into that, a couple of news:

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