EFTA02600655.pdf

From: Richard Kahn Sent: Friday, July 13, 2018 6:35 PM To: jeffrey E. Subject: Re: AVGO i believe he is married to broadcom as has he got stuck with =Lock on both 4,000 lots from selling puts .. Richard Kahn HBRK Associates Inc. 575 =exington Avenue 4th Floor New York, NY 10022 tel= facel On Jul 13, 2018, at 2:18 PM, jeffrey E. <[email protected]> wrote: Again?? How many puts ? What are the =lternatives. The fact tgat you iwn thd stock at a higher price is =ffecting your decision. Sorry. This is judt ridiculous!!! Would =ou buy the stock here . ???? If you would would you also buy puts =?? My patience is at its end On =ri, Jul 13, 2018 at 2:13 PM Paul Barrett ote: My=initial recommendation this morning was to buy the $200 Aug puts. I =till think that is the best idea. The stock is now down 16% on a deal =hat no one fully understands. The CEO has a good track record regarding =ergers. So I think it makes sense to keep the stock and own protection for the next 35 days =ntil we hopefully get more clarity from management. Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 11th Floor, New York, NY 10019 EFTA_R1_01787787 EFTA02600655 <image001.jpg> From: Jeffrey E. <[email protected]> Sent: Friday, July 13, 2018 1:55 PM To: Paul Barrett Cc: Richard Kah Subject: Re: AV lye had enough!!!! Which =uts ??? On Fri, Jul 13, 2018 at 1:40 PM =aul Barrett rote: Any thoughts on the AVGO Aug =uts? Stock trading at 204.50. Aug puts now $6.50 Paul Barrett Alpha Group =apital LLC 142 W 57th =treet, 11th Floor, New York, NY 10019 <image003.jpg> From: =aul Barrett Sent: Friday, July 13, 2018 9:42 AM To: Jeffrey E. <[email protected]>., Richard Kahn Subject: RE: 2 EFTA_R1_01787788 EFTA02600656  Jeffrey I understand your frustrations =nd appreciate your willingness to figure out a solution. I have some =deas which I will send you over the weekend if that is OK. Re =roadcom: the stock is up $1.20 at $211.50. After the =nitial shock reaction of yesterday, there has been a lot of focus on =he cost synergies etc. but very little conviction in revenue opportunities. However until we hear from management as to =he overall intentions of the deal, uncertainty will linger. This morning =he pricing is as follows: Aug 200 Puts cost $4.10 Sept 200 Puts cost $7.90 Earning are =n 08/30. So worst case is the uncertainty lingers until then which =ould argue to buy the Sept puts. However I still prefer buying the Aug =uts as I would fully expect more clarity from management before August expiry. Paul Paul =arrett Alpha Group Capital LLC 142 W 57th =treet, 11th Floor, New York, NY 10019 <image003.jpg> 3 EFTA_R1_01787789 EFTA02600657  From: Jeffrey E. <[email protected]> Sent: Friday, July 13, 2018 7:11 AM To: Paul Barrett Richard Kahn Subject: Im not angry, =orry, it is sad. it is apparent that you have =o experience trading. we both made a =istake. . the spy trades were the results of a rank =matuer. . you took a postion on the direction of the =arket. ok. you decided to play it extra =hort time and short. . why? =ecaue the options are cheaper. ? knowing full well =hat time premium was running. . first silly move. = I allowed as promised to give you authority. . you set a =arget. . it hit the traget , you moved in back. =ased on media reporting on trump visit? you didnt =ct. the market dipped and you panicked. . =MATEUR . wrong options wrong timing , no discipline =nd as a percentaage of investment. a one day dip fof =5%. wanting to buy the highter strike , is ok. =ut why the same month? why the same moment. why the =ame index. . sorry. I have taught =his for many years. and your grade is an not one good move in many. . re =roadcom. the crack happend in the morning. =ptions were higher. no alternative presented. no =nalysis. , this is no way to manage =oney. I have lost a great deal of money hoping =ou would be able to do as you promised you could . would. . Had you told me , =effrey I d like to try a new job as a manager lets =tart slow I can learn . i would be less =nnoyed. you told me you had great confidence knew the =isks and truly believed you would be able to raise money .do well and prosper. . If it were not =ou, this would have ended months ago. . =e should work on a solution . not sure yet what shape it takes. please =ote The information contained in this =ommunication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please =ote The information contained in this =ommunication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of 4 EFTA_R1_01787790 EFTA02600658  JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please =ote The information contained in this =ommunication is confidential, may be attorney-client =rivileged, may constitute inside information, and is =ntended only for the use of the addressee. It is the =roperty of JEE Unauthorized use, disclosure =r copying of this communication or any part thereof is =trictly prohibited and may be unlawful. If you have =eceived this communication in error, please notify us =mmediately by return e-mail or by e-mail to [email protected], and destroy this =ommunication and all copies thereof, including all =ttachments. copyright -all rights reserved 5 EFTA_R1_01787791 EFTA02600659