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No. of Recommendations: 4
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.

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