File 031804

Images

Text

From: Paul Barred
Sent: 7/13/2018 5:40:46 PM
To: jeffrey E. [jeeyacation@gmail.com]; Richard Kahn
Subject: AVG°
Attachments: image004.jpg; image001.jpg
Importance: High
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
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
ALPHA GROUP
CAPITAL
HOUSE OVERSIGHT 031804
From: jeffrey E. <jeevacation@gmail.com>
Sent: Friday, July 13, 2018 7:11 AM
To: Paul Barrett
Subject:
Richard Kahn
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 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.
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HOUSE OVERSIGHT 031805