Yet another short idea from your favorite permabear:

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Yet another short idea from your favorite permabear:

I’d say that this money-losing company is heading lower (symbol APPN), compelled by its head and shoulders pattern.

My September United puts are up 18.7%, and I intend for that figure to get a lot bigger. This is a honey of a top, and it’ll be aided by the Dow Transports falling overall.

Buying puts with the market at lifetime highs has tremendous appear for me. Volatility is almost nil, puts are cheap, and I feel like such a naughty chap. All of my positions are in the green, with most of them well into the double digits of percentage profits, and one item in particular – – the small caps – – is what I wanted to highlight right now. It has been the only sliver of red in a sea of green among general futures:
