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.
BNB
babcock & brown limited
lost the plot and bought at 2.25, page-24
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