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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: The Duke of URL© who wrote (174345)	5/2/2003 5:46:09 PM
From: kapkan4u	Respond to of 186894

<IF YOU KNEW HOW TO VALUE AN OPTION YOU WOULD BE RICH. BLACK SHOLES DOES NOT WORK.> Explaining to an idiot is almost as fruitless as explaining to a drunk, but I will try anyway. When option is bought or sold the value stops being an estimate. It becomes real. It is called “market value”. Kap

To: The Duke of URL© who wrote (174345)	5/2/2003 5:56:58 PM
From: GVTucker	Respond to of 186894

IF YOU KNEW HOW TO VALUE AN OPTION YOU WOULD BE RICH. BLACK SHOLES DOES NOT WORK. Well, yes, Black Scholes DOES work. Black Scholes is not a predictive model. It is a model that values an option at one point in time. You're talking about a guess as to what an option is worth at some point in the future. It's no different from valuing a stock. Right now, Intel is valued at $19.05. Does that somehow mean that Intel is going to be valued at $19.05 five years from now? Of course not. And insulting people on the other side of an argument when you don't even fully understand your own side doesn't help you with your lack of understanding.