Yes Iceberg, the 'press', not NASDAQ, kindly tossed
around "surveillance", "hunt", and "track" which is not
unlike using gasoline to control a fire.
Technically speaking, the 'device' will not be implemented
until '98. It uses a search mechanism similar to the web
crawlers used on search engines such as Yahoo.
The 'device' would only be used in accordance with unusual
market volume occurances with specific stocks. The program
was developed by SRA using a data engine from isoQuest called
"NightOwl Extractor".
You feed it some text and it will identify the instances
of "Bank of New York", "BNY", and "BofNY" as being the same.
If you are looking for "Bob Jones" in a sample of text, it will
point out that "Robert Jones" might be the guy. iQ claims >96%
accuracy. With a bit of imagination and knowledge, becoming
part of that "other 4%" is pretty easy. Actually, I think 4%
is pretty optimistic. An imaginative person could turn it into
20%, and a smart, imaginative person could turn it into 40%. A
smart, imaginative, 'programming-savvy' person could nullify it.
Here's some other 'stuff' which may clarify matters:
techstocks.com
sra.com
isoquest.com
-MrB |
