I Like the View of This Blue Nile

With the holidays rapidly approaching, if we do see a benign close to 2014 in the broad market then I expect select short squeeze plays in the retail space to work well. Blue Nile is pretty much the poster child for this thesis, given that it is a heavily-shorted, perennial laggard as an online jeweler. I view a move over $37.15 as an upside price trigger to get the squeeze going. Note the bull flag consolidation on the daily chart, below, under well-defined horizontal resistance. I would place a stop-loss below $35.40 to mitigate downside risk. ______________________________________________________