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Author: Fuskie Big funky green star, 20000 posts Top Favorite Fools Old School Fool Ticker Guide SC1 Red Winner of the 2010 Rule Breakers Challenge Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 278  
Subject: Re: David vs. Tom? Date: 10/12/2007 4:12 PM
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You bought and sold a recommendation instead of a company. Although this is the public stock board for Blue Nile, I will throw out this bit of Foolish advice. Don't buy a company just because it is recommended in one of the TMF newsletters. It's no better than picking up a stock tip by eavesdropping on the train or picking up a tip from Yahoo.

However you hear about a company, it is to your benefit to read up on it yourself, to understand the business and be able to value it yourself. That way you would understand the difference between a sell-off from profit takers versus one from a company whose fortunes have changed. Now I am not saying that Nile's fortunes have changed nor that owners are taking their profits and running.

I own shares of Blue Nile and I decided not to sell. Despite the change of recommendation status, the company isn't any different today than it was a few months ago. There is still a lot of market share available to the on-line engagement ring market, no real competitors and Nile has proven its ability grow through earned customer trust.

The bottom line is that I would have done a gnats a$$ of research before making my decision to sell, and would not have been scared by a little dip in the stock price. To me, the correction just keeps the company on pace for the future potential in which I invested.

Fuskie
Who would rather manufacture run after run and decimate the opponent's pitching...
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