GEM g8 education limited
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Stop erroneously blaming the institutions for a crappy business...

  1. scorchin
    89 Posts.
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    12/03/15
    12:17
    Post #: 14901836
    Stop erroneously blaming the institutions for a crappy business being correctly sold off by the market.

    99.9% of UBS and NAB trades will be custodial/nominee.

    NAB simply means NABTrade clients and UBS simply means on behalf of UBS clients.

    Given UBS is the biggest broker in the country, it should surprise no one that they file these things regularly. It is impossible to work out what their prop desk % or direction is, however it would only be a fraction if any at all. Also both would frequently be dealing as well as broking so 'prop' position could change 100 times in a day.
    GEM Price at posting: $3.79 Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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