Re: AVGO

Im not angry, sorry, it is s=d. it is apparent that you have no experience trading.=C2 we both made a mistake. . the sp= trades were the results of a rank amatuer. . you took a postion on the direction of the market. =C2 ok. you decided to play it extra short time and sh=rt. . why? becaue the options ar= cheaper. ? knowing full well that time premium was runn=ng. . first silly move. . I allowed as promised to give you authority. . you set a target. .=C2 it hit the traget, you moved in back. based on media re=orting on trump visit? you didnt act. the ma=ket dipped and you panicked. . AMATEUR . wrong opt=ons wrong timing, no discipline and as a percentaage of investment. a one day dip fof 25%. =A0 wanting to buy the highter strike, is ok. but why the same=month? why the same moment. why the same index. .=C2 sorry. I have taught this for many years.=A0 and your grade is an F. not one good move in many. . re broadcom= the crack happend in the morning. options were hi=her. 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 , jeffr=y 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, =C2 this would have ended months ago. . we should work=on a solution . not sure yet what shape it takes.

I understand your frustrations and appreciate your wil=ingness to figure out a solution. I have some ideas which I will send you =ver the weekend if that is OK.

Re Broadcom: =he stock is up $1.20 at $211.50. After the initial shock reaction of yeste=day, there has been a lot of focus on the cost synergies etc. but very lit=le conviction in revenue opportunities. However until we hear from management as to the =verall intentions of the deal, uncertainty will linger.

This m=rning the pricing is as follows:

Aug 200 Puts cost $4.10

Sept 200 Puts cost $7.90

Ea=ning are on 08/30. So worst case is the uncertainty lingers until then whi=h would argue to buy the Sept puts. However I still prefer buying the Aug =uts as I would fully expect more clarity from management before August expiry.

Again?? How many puts ? What are=the alternatives. The fact tgat you iwn thd stock at a higher price =s affecting your decision. Sorry. This is judt ridiculous!!! Would y=u buy the stock here . ???? If you would would you also buy puts ???= My patience is at its end

i believe he is married to broadcom as has he got stuck =ith stock on both 4,000 lots from selling puts ..

Richard Kahn
HBRK Associates Inc.
575 Lexington
Avenue 4th Floor
New York, NY
10022

Did he sell naked puts??