3 months ago, when the DOW was @ 6500, USRX reached 80 when its released its X2 technology. Considered as an undervalued stock, and after a whole bunch of good news, including 2 earning releases, blah...blah...blah...it's still around 70. I don't know exactly how much commission and bid/ask spread has been earned by brokers and MM on USRX, but roughly its should be (assuming an average of 3M shares/day, a bid/ask spread of 1/8):
3 months x 22 trading days/month x 3 M => 198 M x 1/8 = 24 M
(assuming an average size of trade is 1000 shares, and $20 / trade), then:
198,000 x 20 = 3.96 M
Thus, almost 30 M of resource has been wasted on USRX.
Van |
