(Un)Intelligent Investor Article, page-49

Scorhin, sorry but you need to look at the substantial holding docs and asx short info for stocks to see that ubs and nab/mlc have borrowed huge stock volumes for shorting. This is not a recent event. It's been ongoing for most of a year, possibly longer. Yes, some or all of these short holdings could be as nominees for individual clients (but unlikely NAB's mlc business).

But look at ubs and nab substantial holdings for several stocks (and hc posts about them) to see that these two stand out for their shorting practices (whether for clients or their own). Also, the swiss govt report (2009) on ubs and more recently hefty fines and investigations of ubs on libor, forex, etc. It seems to be an org culture problem ubs can't fix.

Also, your post lost credibility by starting with a conclusion and failing to substantiate it. Contrary to your conclusion about gem, 8 of 11 brokers globally have a buy or strong buy on stock and target price 50% about the current price. Individual brokers can be way off of course, but very solid research last year found a string correlation between consensus sentiment on asx stocks and subsequent performance. Not always correct, mind you but enough that investors should heed them.