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November 25th, 2013 at 1:49 pm
Phil / two questions: 1/ I looked today at a portfolio [not mine] that hadn't been touched since 6/2011. It was filled with Phil picks. It was up 34%, unleveraged, which made the owner quite happy. All the picks were up but for Intel and IBM. We still like them, n'est pas?
2/ I have always used limit orders on puts/calls, picking reasonable mid-points, adjusting the order around the edges when not filled. But lately I've been experimenting with market orders, and quite often getting superior results, particularly when spreads are wide. Do you have a useful homily that applies?