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1 message picture_as_pdf Source PDF
J
jeffrey E. Jul 13, 2018 11:11 AM
To
Paul BarrettRichard Kahn

I'm 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 amateur. you took a position on the direction of the market. ok. you decided to play it extra short time and short. why? because 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 target, you moved it 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 percentage of investment. a one day dip of 25%. wanting to buy the higher 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 happened 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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1419 files from the DOJ Epstein case media release. All files are public records from justice.gov.

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