EFTA00356382.pdf

From To: )" Subject: evan wants to go out with me on 28 or 29 Date: Thu, 18 Dec 2014 21:34:07 +0000 From: Evan Wax [mailto Sent: Thursday, December 18, 2014 4:31 PM To: Subject: RE: FMD [First Marblehead halted; news pending] Ok. Let me know what days work for you. maybe Sunday night even(28) or Monday (29) would love to see you before #2 comes and I am sure things get super busy From: mailto: Sent: Thursday, December 18, 2014 4:30 PM To: 'Evan Wax' Subject: RE: FMD [First Marblehead halted; news pending] By the way we are going to have practice on Monday so it officially does not work From: Evan Wax I'mailto: Sent: Thursday, December 18, 2014 4:29 PM To: Subject: RE: FMD [First Marblehead halted; news pending] I had accounts with enough settled cash- they will get a bit of a boost- but its not much, given so few shares. Actually ended up being all my new accounts- those are the ones with cash, so I am a bit happy since they have all gotten crushed. Ha. nothing like investing a nice chunk of change and seeing 2-3% disappear overnight. It obviously doesn't matter long-term but I always prefer getting off on right foot EFTA00356382 From: -[mailto: Sent: Thursday, December 18, 2014 4:27 PM To: 'Evan Wax' Subject: RE: FMD [First Marblehead halted; news pending] So what happens to the FMD that you bought? I do not think I will be . trying to make sure I am all good for taxes ect From: Evan Wax [mailto: Sent: Thursday, December 18, 2014 4:24 PM To: Subject: RE: FMD [First Marblehead halted; news pending] Couldn't allocate any FMD to our accounts e Since sold same day, would have been free-ride REG T if using unsettled funds. Oh well. that sucks. Sometimes nice to have some margin ability and a real prime broker---but that's the rules at any retail brokerage. Do you think you will allocate any capital to WAM pre year-end? If so, now might be a decent time- if you do, I will probably let SMID dilute out a bit due to liquidity, and DEWY might not be able to buy any, but everything else I like here. Of course no clue what happens next year, but my suspicion is getting some tax-loss selling in a few things, and others just under the radar. I am also hitting some stuff, cleaning up the portfolio want to concentrate big time on best ideas into 2015-2016 period From: [mailto: Sent: Thursday, December 18, 2014 12:04 PM To: 'Evan Wax' Subject: RE: FMD [First Marblehead halted; news pending] Yes for sure, I wish it would not have opened so fast we could have bought lots more EFTA00356383 From: Evan Wax [mailto: Sent: Thursday, December 18, 2014 12:02 PM To Su FMD [First Marblehead halted; news pending] Should have been more agreesive..bought like 20 bps at 4. Sold them at 5. No point in holding on for so small. Will buy back if gets to 4 Thanks for heads up. Need a massive margin of safety since they are still losing $. But nice to know analysis was right all along regarding IRS. From mailto: Sent: Thursday, December 18, 2014 11:00 AM To: Evan Wax ( ); Ford, Will (- Subject: FW: FMD [First Marblehead halted; news pending] 10:56 ET 12/18/14 (StreetAccountj FMD First Marblehead halted; news pending ($2.22 +$0.11) This e-mail and any files transmitted with it are confidential and intended only for the person or entity to which it is addressed. If you are not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this e-mail and any attachment(s) is strictly prohibited. If you have received this e-mail in error please immediately notify the sender at or by replying to this e-mail and delete the e-mail and any attachment(s) from your system. Nothing herein shall be construed as a financial promotion to any person or persons, or a solicitation or recommendation to buy or sell any security or other investment or to engage in any trading strategy. Information presented is from sources believed to be reliable, but is not guaranteed to be accurate or complete. This information should not be taken as an offer nor as a solicitation of an offer to buy or sell securities or other financial instruments. Email transmission cannot be guaranteed to be secure, timely or error free. Tourmaline Partners, LLC may review and store both incoming and outgoing messages. Use by other than the intended recipients is prohibited. This e-mail and any files transmitted with it are confidential and intended only for the person or entity to which it is addressed. If you are not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this e-mail and any attachment(s) is strictly prohibited. If you have received this e-mail in error please immediately notify the sender at or by replying to this e-mail and delete the e-mail and any attachment(s) from your system. Nothing herein shall be construed as a financial promotion to any person or persons, or a solicitation or recommendation to buy or sell any security or other investment or to engage in any trading strategy. Information presented is from sources believed to be reliable, but is not guaranteed to be accurate or complete. This information should not be taken as an offer nor as a solicitation of an offer to buy or sell securities or other financial instruments. Email transmission cannot be guaranteed to be secure, timely or error free. Tourmaline Partners, LLC may review and store both incoming and outgoing messages. Use by other than the intended recipients is prohibited. EFTA00356384 This e-mail and any files transmitted with it are confidential and intended only for the person or entity to which it is addressed. If you are not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this e-mail and any attachment(s) is strictly prohibited. If you have received this e-mail in error please immediately notify the sender at or by replying to this e-mail and delete the e-mail and any attachment(s) from your system. Nothing herein shall be construed as a financial promotion to any person or persons, or a solicitation or recommendation to buy or sell any security or other investment or to engage in any trading strategy. Information presented is from sources believed to be reliable, but is not guaranteed to be accurate or complete. This information should not be taken as an offer nor as a solicitation of an offer to buy or sell securities or other financial instruments. Email transmission cannot be guaranteed to be secure, timely or error free. Tourmaline Partners, LLC may review and store both incoming and outgoing messages. Use by other than the intended recipients is prohibited. This e-mail and any files transmitted with it are confidential and intended only for the person or entity to which it is addressed. If you are not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this e-mail and any attachment(s) is strictly prohibited. If you have received this e-mail in error please immediately notify the sender at or by replying to this e-mail and delete the e-mail and any attachment(s) from your system. Nothing herein shall be construed as a financial promotion to any person or persons, or a solicitation or recommendation to buy or sell any security or other investment or to engage in any trading strategy. Information presented is from sources believed to be reliable, but is not guaranteed to be accurate or complete. This information should not be taken as an offer nor as a solicitation of an offer to buy or sell securities or other financial instruments. Email transmission cannot be guaranteed to be secure, timely or error free. Tourmaline Partners, LLC may review and store both incoming and outgoing messages. Use by other than the intended recipients is prohibited. This e-mail and any files transmitted with it are confidential and intended only for the person or entity to which it is addressed. If you are not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this e-mail and any attachment(s) is strictly prohibited. If you have received this e-mail in error please immediately notify the sender at or by replying to this e-mail and delete the e-mail and any attachment(s) from your system. Nothing herein shall be construed as a financial promotion to any person or persons, or a solicitation or recommendation to buy or sell any security or other investment or to engage in any trading strategy. Information presented is from sources believed to be reliable, but is not guaranteed to be accurate or complete. This information should not be taken as an offer nor as a solicitation of an offer to buy or sell securities or other financial instruments. Email transmission cannot be guaranteed to be secure, timely or error free. Tourmaline Partners, LLC may review and store both incoming and outgoing messages. Use by other than the intended recipients is prohibited. EFTA00356385