USRX Message Board - Msg: 916688

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Technology Stocks : USRX

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To: David Lawrence who wrote (14431)	3/3/1997 11:36:00 AM
From: Dwight E. Karlsen	of 18024

David, USRX is still trading at a two dollar discount to COMS. It's kind of annoying. I don't buy that explanation that USRX "has to" trade at a discount, in order to give the arbitragers their "risk payment". I'm sure there is arbitrage traders involved, but they must have at some point been shorting USRX (put more selling pressure on), because otherwise I don't see how it could get out of whack. Obviously the MM's don't care, it's not their job to maintain the ratio. Their job is to keep an equal number of sellers and buyers on both sides of the price, as everyone knows. DK PS - Up by 1.33 today so far. Nice!

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