EFTA02561406.pdf

From: jeffrey E. <[email protected]> Sent: Monday, June 25, 2018 6:55 PM To: Richard Kahn Subject: Re: New Idea for your approval ok On Mon, Jun 25, 2018 at 8:52 PM, Richard Kahn mailto: wrote: only stock with real gain is BAC which you =ought 2+ years ago.. 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.comhq=575+Lexington+Avenue+4th+Floor+New+York,+NY+10022&entry=gmail&am=;source=g> 10022 <https://ma s. oo le.com ?q=3D575+Lexington+Avenue+4th+Floor+New+York,+NY+10022&entry=gmail&=ource=g> On Jun 25, 2018, at 2:44 PM, jeffre= E. <[email protected] <mailto:[email protected]> > wrote: wait two days and sell all On Mon, Jun 25= 2018 at 8:38 PM, Paul Barrett &g=; wrote: crnailtc I think most of the regional banks represented in the ETF=have faced similar headwinds with respect to increased compliance costs an= caps on divididend distributions. This is expected to ease. With the rece=t SIFI EFTA_R1_01722930 EFTA02561406 changes I also think we will see an M&A wave. The U.S does not need 6,000 regional banks. l=don't know which banks get acquired but owning the ETF will allow =s to capture all these themes. <image001.png> =/u> =/P> Paul Barrett how many shares of each do we own . =C24> sosrry this is extraordiarily silly On Mon, Jun 25, 2018 at 8:18 PM, Paul Barrett &=t i <mailto > wrote: 1. Sell BUD. It is a small position with too much reliance on EM to make a mea=ingful impact right now. $431K; P/L -$51K. 2. Sell BAC. Also a very small position. Would rather re-allocate to KRE (regi=nal bank exposure). $213K; P/L +$112K. I think KRE is well positioned given the regulato=y tailwinds, strength on Main Street, no FICC reliance etc. Just to mainta=n Fins exposure. It would top KRE up to $memn. 3. MSFT, AVGO and Equinix — part of the data center theme. I think thi= theme has legs but MSFT and EQIX positions too small. Sell those. MSFT $508K. P/L +$11K; EQIX $497K P/L +$4K. 4. JD.Com <http://JD.Com> - sell if it drops b=low $38. It is the Amazon of China. However it cannot seem to break higher=due to margin concerns. $1.9MM; P/L -$59K at current level. Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&entry=3Dgmail&source=g> th Street= 11th Floor, New York, NY 10019 paul@alphagroup=apital.com <mailto:paul@alphagroupc=pital.com> 2 EFTA_R1_01722931 EFTA02561407  =span id="m_- 38357668829172909cid:[email protected]"><imare005.jpg> <=> From: jeffrey E. <jeevacation@gmailcom> Sent: Monday, June 25, 2018 1:53 PM tt >; Richard Kahn u jec : e: ew Idea for your approval New Trade Idea: SPX down 1=50% today on tariff fears. I recommend buying a position in each of the following: =/ul> • Jul 280 SPY calls for $0.40 • Aug 280 SPY calls for $1.44 • Implied vol at 10%. • Tariff related sell-offs have offered good trading opportunities. The risk =round retaliation is growing but if we can buy these calls with a 10% impl=ed vol, I think these could work very well at the first sign of any reconc=liatory comments from Washington. I would look to trade out of these if we get a bounce back to 2750 on SPX =his week. If we don't get the bounce by Friday I would sell. =C240 Also to further clean up the=portfolio I would recommend the following over the coming days:<=u> 1. Sell BUD. It is a small position with too much reliance on EM to make a mea=ingful impact right now. 2. Sell BAC. Also a very small position. Would rather re-allocate to KRE (regi=nal bank exposure). 3. MSFT, AVGO and Equinix — part of the data center theme. I think thi= theme has legs but MSFT and EQIX positions too small. Sell those.<=> 4. JD.Com <http://JD.Com> - sell if it drops b=low $38. It is the Amazon of China. However it cannot seem to break higher=due to margin concerns. Currently at $39.43. Paul </=> Paul Barrett Alpha Group Capital LLC 3 EFTA_R1_01722932 EFTA02561408  142 W 57 <https://maps.google.com/?q=142+W+57&entry=gmai=&source=g> th Street, 11th Floor, New York, NY 10019 c=u> <image006.jpg). =p class="MsoNormal"> 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 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 4 EFTA_R1_01722933 EFTA02561409  destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The inf=rmation contained in this communication is confidential, may be attorne=-client privileged, may constitute inside information, and is intended =nly for the use of the addressee. It is the property of JEE Unaut=orized use, disclosure or copying of this communication or any part the=eof is strictly prohibited and may be unlawful. If you have received th=s communication in error, please notify us immediately by return e-m=il or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all co=ies thereof, including all attachments. copyright -all rights reserved<=r> plea=e note The information contained in this communication is confi=ential, may be attorney-client privileged, may constitute inside inform=tion, and is intended only for the use of the addressee. It is the prop=rty of JEE Unauthorized use, disclosure or copying of this commun=cation or any part thereof is strictly prohibited and may be unlawful. =f you have received this communication in error, please notify us immed=ately by return e-mail or by e-mail to [email protected] <mailto:jeevacation@gm=il.com> , and destroy this c=mmunication and all copies thereof, including all attachments. copyrigh= -all rights reserved --000000000000ca99a1056f7be96d-- conversation-id 2438 date-last-viewed 0 date-received 1529952877 flags 8590195713 gmail-label-ids 7 6 remote-id 831192 5 EFTA_R1_01722934 EFTA02561410