Time to Go Long, page-35

If you read all the reports about the bad debt provisions for Westpac, they have UBS grubby little fingers all over them. No one is predicting debt impairment of SGH other than UBS. The same company that owns 5% of the stock and another 5-7% it has held short. hmmm.... Short squeeze Monday? I think UBS are getting ready to buy on Monday and call in their shorts at the same time. UBS can't make Westpac impair the debt but they are certainly goading them to do so. It is also weird that UBS claims that Westpac is impairing the debt but not NAB? The figures that they state for the SGH exposure are also exaggerated ($300m?)