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From: "Barrett, Paul S"
To: Jeffrey Epstein <[email protected]>
Subject: RE: Ideas
Date: Tue, 05 Jul 2011 19:59:08 +0000
The corn — yes we took profits for most people after the big rally in May/June. They are getting back in.
Paul Barrett, CFA
Managing Director
Global Investment Opportunities Group
JPMorgan Private Bank
40W 57th Street, 33rd Floor, New York, NY 10019
(W) (F)
From: Jeffrey Epstein ([email protected]]
Sent: Tuesday, July 05, 2011 3:51 PM
To: Barrett, Paul
Subject: Re: Ideas
ok to both„ but keep in mind this is the postion that you guys suggested months ago.
On Tue, Jul 5, 2011 at 3:47 PM, Barrett, Paul S < > wrote:
Hi Jeffrey
Hope things are well. Left you a message.
I. We have around $8MM in cash in the account right now. I think we should buy $2MM of the Wells Fargo Pfd. YTW
6.09%.Qualified Dividend Income. Px of 93.50.
2. Dec2011 corn is off 15%. We had discussed adding back when it was at these levels in April. We still like the story
given the tight inventory levels and believe this selloff post the USDA report is overdone. I would add $2MM notional.
Let me know.
Paul
Paul Barrett, CFA
Managing Director
Global Investment Opportunities Group
JPMorgan Private Bank
40W 57th Street, 33rd Floor, New York, NY 10019
(W) (F)
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