Those bastards at UBS have been at it again - they are the ones...

Those bastards at UBS have been at it again - they are the ones shorting the crap out of PDN. And as they keep oscillating above and below the 5% holding level, they have to notify the market every time they cross that level, either upwards or downwards.

But check out Appendix A on today's announcement - look at the number of times and the number of shares they have borrowed for shorting.

While the rest of the long term patient holders have been getting screwed and their portfolios decimated, UBS (and others I'm sure) have been sucking hundreds of millions of dollars out of the stock and devaluing it at the same time.

Yet another example of why short selling should be banned totally. All their arguments about "providing liquidity" are pure crap. The only liquidity they provide is to their own bank balances.

And before all the self-righteous ones jump in and ask why we don't join them by shorting the stock - many people can't, especially those who run their own SMSF. Shorting directly is not allowed, and using CFDs is highly risky. And of course, many with their own SMSFs don't want to be trying to follow the gyrations of the markets anyway - they want to be enjoying their retirement, or they're still busy at work.

Bastards....!