Dark Money Sell Alert: Cut Losses on Capri Holdings Puts

Our August recommendation on CPRI puts was based on its business carrying a huge debt burden, which translated into a terrible financial outlook. It remains in terrible shape, but speculators have pushed the stock upward this month. With selling pressure not very strong, let’s cut losses on this position now.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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