Because specialists such as Chick Gandil are charged with maintaining a fair and orderly market, at times

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Because specialists such as Chick Gandil are charged with maintaining a "fair and orderly" market, at times they will be required to sell when others are buying and buy when others are selling. How can Chick earn a profit when required to act in such a manner?
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Fundamentals of Investments

ISBN: 978-0132926171

3rd edition

Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey

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