thetechtrader covers unis, page-14

I'm sorry but you are completely wrong about the Yanks driving down the price of the stock. Its the Aus markets continual lagging that has created the short opportunity. Its called Arbitrage my friend. Plain and simple these guys are making 2-5% every trade. Someone astute enough could be doing it almost every day. You can count on you hands the number of times the Aus market was priced higher than the US market. Besides the fact that there are 4.7 million shares short, they also have over 7 million shares purchased by US institutions. How many Aussie funds have purchased this stock open market. The stock went down plain and simple today because the Aus market had two days to stick it to the shorts and they sat on their hands. Had the Aus market even come close the US market the shorts would have no place to buy shares back. I hate to see what happens if the dollar started to strengthen.