Regarding UBS games, looking at SLR substantial holder >5% filings, lately UBS get in on a Thursday one week, run it up and sell the following Thursday. Out 9Aug in 16Aug,out 23Aug in 30Aug, willing to bet will be out 6Sept then drive price down to be in again on 13Sept
Looking back in time on chart, [ before UBS were substantial holders? and therefore having to notify changes? ], this Thursday based "in at short term low, out at short term peak" 2 week cycle is very clear: In 31May out 7June, in 13June out 20June, in 28June out 5July, in 12July out 19July, in 26July out 2Aug. Changes pace at this point in 7Aug out 9 Aug but then reverts to 2 weeks again, as above
In my view UBS deliberately create this cycle, surely illegal manipulation, but of course ASX see nothing.
Draghi/ECB/Merkal/Bernanke have 6th,12th,13th Sept dates for announcements which hopefully will stiff UBS thoroughly, and break this cycle.
If not, pick your Thursdays to coat-tail these b..tards.
SLR Price at posting:
$3.20 Sentiment: Buy Disclosure: Held