EFTA02600692.pdf

From: jeffrey E. <[email protected]> Sent: Friday, July 13, 2018 6:42 PM To: Richard Kahn Subject: Re: AVGO Did he sell naked puts?? On Fri, Jul 13, 2018 at 2:35 PM Richar= Kahn > wrote: i believe he is married to broadcom as has he got stuck =ith stock on both 4,000 lots from selling puts .. Richard Kahn HBRK Associates Inc. 575 Lexington <https://maps.google=com/?q=575+Lexington+Avenue+4th+Floor+New+York,+NY+10022&entry=gma=l&source=g> Avenue 4th Floor <https://maps.google.co=/?q=575+Lexington+Avenue+4th+Floor+New+York,+NY+10022&entry=gmail&=mp;source=g> New York, NY <https://maps.google.com/=q=575+Lexington+Avenue+4th+Floor+New+York,+NY+10022&entry=gmail&am=;source=g> 10022 <https://maps.google.com/?q=30575+Lexington+Avenue+4th+Floor+New+York,+NY+10022&entry=gmail&rource=g> On Jul =3, 2018, at 2:18 PM, jeffrey E. <[email protected] <mailto:[email protected]=» wrote: =/div> Again?? How many puts ? What are=the alternatives. The fact tgat you iwn thd stock at a higher price =s affecting your decision. Sorry. This is judt ridiculous!!! Would y=u buy the stock here . ???? If you would would you also buy puts ???= My patience is at its end ' = :13 PM Paul Barrett <mailt=illiiiii > wrote: EFTA_R1_01787848 EFTA02600692  My initial recommendation this morning was to buy the $2=0 Aug puts. I still think that is the best idea. The stock is now down 16%=on a deal that no one fully understands. The CEO has a good track record r=garding mergers. So I think it makes sense to keep the stock and own protection for the next 35 days unti= we hopefully get more clarity from management. <= class="MsoNormal"> Pau= Barrett Alpha Group Capital L=C Str <image001.jpg> <=iv style="word-wrap:break-word"> =blockquote class="gmail_quote" style="margin:0 0 .8ex;border-left:lp= tIccc solid;padding-left:lex"> lye had enough!!!! Which puts ???=u> <=iv style="word-wrap:break-word"> =p class="MsoNormal">Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 11th F=oor, New York, NY 10019 <image=03jpg> <=div> 2 EFTA_R1_01787849 EFTA02600693  From: Paul Barrett Sent: Friday, July 13, 2018 9:42 AM To: Jeffrey E. <[email protected] <mailto:[email protected]»; Richard Kahn [email protected]&g=; Subject: RE: I understand your frustrations and appreciate your wil=ingness to figure out a solution. I have some ideas which I will send you =ver the weekend if that is OK. Q=A0 Re Broadcom: =he stock is up $1.20 at $211.50. After the initial shock reaction of yeste=day, there has been a lot of focus on the cost synergies etc. but very lit=le conviction in revenue opportunities. However until we hear from management as to the =verall intentions of the deal, uncertainty will linger. <= class="MsoNormal"> This m=rning the pricing is as follows: =C240 Aug 200 Puts cost $4.10</=> Sept 200 Puts cost $7.90<=p> Ea=ning are on 08/30. So worst case is the uncertainty lingers until then whi=h would 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=u> Paul Barrett=/u> Alpha Group Capital LLC=/p> 3 EFTA_R1_01787850 EFTA02600694  142 W 57 <https://maps.google.com/?q=142+W+57=amp;entry=gmail&source=g> th Street, 11th Floor, New York, NY 10019 <image003.jpg>=/span> <=blockquote> From: Jeffrey E. <[email protected] <mailto:jeevacation@gm=il.com» Sent: Friday, July 13, 2018 7:11 AM To: Paul Barrett >; Richard Kahn < Subject: < => Im not angry , sorry, it is s=d. it is apparent that you have no experience trading.=C24> we both made a mistake. . the sp= trades were the results of a rank amatuer. . you took a postion on the direction of the market. =C24k ok. you decided to play it extra short time and sh=rt. . why? becaue the options ar= cheaper. ? knowing full well that time premium was runn=ng. . first silly move. . I allowed as promised to give you authority. . you set a target. .=C24P it hit the traget , you moved in back. based on media re=orting on trump visit? you didnt act. the ma=ket dipped and you panicked. . AMATEUR . wrong opt=ons wrong timing , no discipline and as a percentaage of investment. a one day dip fof 25%. 4>=A0 wanting to buy the highter strike, is ok. but why the same=month? why the same moment. why the same index. .=C24> sorry. I have taught this for many years.Q=A0 and your grade is an F. not one good move in many. . re broadcom= the crack happend in the morning. options were hi=her. no alternative presented. no analysis. = this is no way to manage money. I have lost=a great deal of money hoping you would be able to do as you promised you could . would. . Had you told me, jeffr=y I d like to try a new job as a manager lets start slow=l can learn . i would be less annoyed. you told me=you had great confidence knew the risks and truly believed you=would be able to raise money .do well and prosper. . If it were not you, =C21> this would have ended months ago. . we should work=on a solution . not sure yet what shape it takes. plea=e note The information contained in this communication=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 4 EFTA_R1_01787851 EFTA02600695  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 <=div> plea=e note The information contained in this communication=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 <=iv style="word-wrap:break-wore> =C24, please note The information contained in this co=munication is confidential, may be attorney-client privileged, may c=nstitute inside information, and is intended only for the use of the ad=ressee. It is the property of JEE Unauthorized use, disclosure or co=ying of this communication or any part thereof is strictly prohibitedand 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]</=>, and destroy this communication and all copies thereof, including =11 attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may b= attorney-client privileged, may constitute inside information, and is =ntended only for 5 EFTA_R1_01787852 EFTA02600696  the use of the addressee. It is the property of JEE=br>Unauthorized use, disclosure or copying of this communication or any=part thereof is strictly prohibited and may be unlawful. If you have re=eived this communication in error, please notify us immediately by r=turn e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication a=d all copies thereof, including all attachments. copyright -all rights =eserved --00000000000094d8b90570e5d57f-- conversation-id 312197 date-last-viewed 0 date-received 1531507315 flags 8590195713 gmail-label-ids 6 7 remote-id 836518 6 EFTA_R1_01787853 EFTA02600697