borrowed shares, page-5

Your scenario is very plausible. It was reasonably clear that MIG was being shorted in the last few months but is that situation the same now? The volumes have been a bit erratic lately.

I would have thought that right now is a lesser time for shorting MIG for reasons that,

1. MIG is is already at oversold levels.

2. This is generally regarded as a defensive stock. Eventhough traffic numbers have softened somewhat this trend is not likely to continue. In any case it is revenues that is the key factor and they continue to rise.

3. Attempting to short while a buy back is in progress seems counterproductive.

4. Despite the media's love of pessimism I don't see much further depression in the markets from here. There seems to be much cash waiting to find opportunities (today's NAB placement just one example).

Juke