Pseudo-Stock Specialist by Mark Harris
ARTICLE SYNOPSIS ...Pseudo-Stock Specialist
by Mark Harris
In ""Pseudo Stocks,"" STOCKS & COMMODITIES, December 1990, I showed some stock charts from a
random number generator resembling real life to an astonishing degree and some simple rules for price
transitions. Now, I would like to model a ""specialist."" This will add volume to the charts and,
additionally, we can see which situations are good or bad for our hypothetical market maker.
As a disclaimer, let me state right at the outset that I haven't a clue how a real-life specialist goes about
making a market for the stocks in which he specializes, how he ...