ann: cba and barclays both reduced holdings, page-17

I think thats exactly how the play will go UBS looking towards a different entity going foward and are looking for some of that Action .

If on the other hand you were exposed to a huge loss as an original holder ( CBA ) , It seems it would make sense to sell down that exposure . Great opportunity for UBS , little doubt they will do very nicely out of this one .

Many here would be holding , and most will be looking at an excellent gain . I wouldn't be too concerned about absolute "top and bottoms " , great opportunity IMHO .