BNB babcock & brown limited

lost the plot and bought at 2.25, page-24

  1. 4,058 Posts.
    i know about bayes toosoon. that was first year stats.
    cant say i ever use it though.
    and blach scholes is a ridiculous model to use for options pricing because it assumes a normal distribution for the probability of rising or falling! and we all know that markets are not random walk which is what black scholes suggests.
    im just saying - on what whim or gut feel could you possibly justify buying BNB here??
    its 100% gambling.
    and no, SPECULATING and GAMBLING are very different.
 
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