future, page-11

given 100m shares were traded today i wouldn't be surprised if westpac was in the market building up a stake to get this deal through. it's all a game of manipulation. even nab or another bank may have waded in.

imo this is not over yet. if credit market spreads and liquidity improves demonstrably before the meeting there is no way mgt will be able to justify the deal.

also i don't think nab or another bank is just going to sit there and watch westpac get away with this steal.

imo the downside is limited from here. no point getting out now if you weren't astute or had inside info like commodore to to sell at 90+

should be interesting times ahead.