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To: StaggerLee who wrote (108)4/27/1998 12:07:00 AM
From: SG  Read Replies (1) | Respond to of 171
 
An interesting calculation. Unfortunately, the Black-Scholes formulae don't take investor psychology into account, only mathematical assumptions. When the herring are running, it's tempting to join them. I think that CNBC, SI, etc., by changing the speed of info and number in audience, may make it difficult to assess (even with volatility assumptions) actual investor behavior. IMHO.

SG