Document Text Content
From: Paul Barrett
Sent: 7/13/2018 6:13:06 PM
To: jeffrey E. [jeeyacation@gmail.com]
CC: Richard Kahn
Subject: RE: AVGO
Attachments: image003.jpg; image001.jpg
Importance: High
My initial recommendation this morning was to buy the $200 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 regarding mergers. So I think it
makes sense to keep the stock and own protection for the next 35 days until we hopefully get more clarity from
management.
Paul Barrett
Alpha Group Capital LLC
142 W 57th Street, 11th Floor, New York, NY 10019
ALPHA GROUP
CAPITAL
From: jeffrey E. <jeeyacation@gmail.com>
Sent: Friday, July 13, 2018 1:55 PM
To: Paul Barrett
Cc: Richard Kahn
Subject: Re: AVGO
lye had enough!!!! Which puts ???
On Fri, Jul 13, 2018 at 1:40 PM Paul Barrett
Any thoughts on the AVGO Aug puts? Stock trading at 204.50.
Aug puts now $6.50
Paul Barrett
Alpha Group Capital LLC
142 W 57th Street, 11th Floor, New York, NY 10019
ALPHA GROUP
CAPITAL
From: Paul Barrett
Sent: Friday, July 13, 2018 9:42 AM
wrote:
HOUSE OVERSIGHT 031806
To: jeffrey E. <jeevacation@gmail.com>; Richard Kahn
Subject: RE:
Jeffrey
I understand your frustrations and appreciate your willingness to figure out a solution. I have some ideas which I will
send you over the weekend if that is OK.
Re Broadcom: the stock is up $1.20 at $211.50. After the initial shock reaction of yesterday, there has been a lot of
focus on the cost synergies etc. but very little conviction in revenue opportunities. However until we hear from
management as to the overall intentions of the deal, uncertainty will linger.
This morning the pricing is as follows:
Aug 200 Puts cost $4.10
Sept 200 Puts cost $7.90
Earning are on 08/30. So worst case is the uncertainty lingers until then which would argue to buy the Sept puts.
However I still prefer buying the Aug puts as I would fully expect more clarity from management before August expiry.
Paul
Paul Barrett
Alpha Group Capital LLC
142 W 57th Street, 11th Floor, New York, NY 10019
a
ALPHA GROUP
CAPITAL
From: jeffrey E. <jeevacation@gmail.com>
Sent: Friday, July 13, 2018 7:11 AM
To: Paul Barrett .
; Richard Kahn
Subject: _
Im not angry, sorry, it is sad. it is apparent that you have no experience trading. we both made a mistake. . the
spy trades were the results of a rank amatuer.. you took a postion on the direction of the market. ok. you
decided to play it extra short time and short. . why? becaue the options are cheaper. ? knowing full well that time
premium was running. . first silly move. . I allowed as promised to give you authority. . you set a target. . it hit the
traget, you moved in back. based on media reporting on trump visit? you didnt act. the market dipped and you
panicked. . AMATEUR. wrong options wrong timing, no discipline and as a percentaage of investment, a one day
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dip fof 25%. wanting to buy the highter strike, is ok. but why the same month? why the same moment. why the
same index. . sorry. I have taught this for many years. and your grade is an F. not one good move in
many. . re broadcom. the crack happend in the morning, options were higher. 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, jeffrey I d like to try a new job as a manager lets start slow I 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, this would have ended months ago.. we should
work on a solution . not sure yet what shape it takes.
please 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 jeevacation@gmail.com, and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
please 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 jeevacation@gmail.com, and
destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
HOUSE OVERSIGHT 031808