RE: stock market bot

From: Reason (reason@exratio.com)
Date: Tue Sep 03 2002 - 23:26:21 MDT


--> spike66

>Reason wrote:
>>
>>Funnily enough, I wrote an automated analyst four or five years ago
>>(inForth :). It still exists at www.wallstreetcity.com.
>>Look at"http://host.wallstreetcity.com/wsc2/Corporate_Snapshot.html?
>>DB=SQL&template=corpsnap.htm&Symbol=aapl" and hit the "Dcipher this
>>stock" link above thegraph. It was enormously popular with potential
>>clients (AOL loved it), butnever made headway in the company beyond
>>this trivial usage because thewriters felt threatened.
>>REASON!
>
>Thanks pal, this was the best laugh I have had in a month. I got a
corporate
>snapshot of Lockheeed Martin and rolled in the floor, knowing the report
>was generated by software. Shows to go ya, the human-generated
>bull/bearshit really does have as little actual information as it appears.
>It is no wonder the financial writers didn't like this program. {8^D
>
>You are the man, Reason! spike

Glad it amused you :)

My take on the whole thing was that it would be a tool freeing up the
writers from the drudgework of their jobs (i.e. writing about boring numbers
day by day) and give them more time to write the interesting op-ed stuff
about trends and human interest. As it turns out, that's not what the
writers saw as being desirable. Oh well.

>I ask you, which of the above comments would require an actual
>carbon-based brain to generate? The last quote is a good example
>of a generic statement that could be modified with an automated
>fill-in-the-blank:
>
>"Market breadth was ______ (negative, positive, neutral,
>broad, narrow, double plus ungood, etc). On the New
>York Stock Exchange, decliners beat advancers __-to-__
>as ____ billion shares traded. On the Nasdaq, losers
>topped winners __-to-__ as ___ billion shares changed
>hands."

That's just one part of the solution; you also have coordinate the occurance
of these blocks, build them out of fragments where necessary, order them
sanely, and perform a number of devious short cuts to reduce your
N-dimensional property space down to a managable number of cells. But this
initial model isn't a complex example. You could probably reverse engineer
fairly easily.

Reason
http://www.exratio.com/



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