Mr Mott of UBS is quite interesting. He was harping on about...

Mr Mott of UBS is quite interesting. He was harping on about liar loans from WBC and issued multiple downgrades on WBC and BOQ in April/March last year. when the SP of WBC started climbing he issued another downgrade sometime in April which sent it falling fast (he is a very widely followed analyst, alot of funds seem to sell on his ratings). Interestingly enough, short interest on WBC was building along with Mr Mott's downgrades. It took the CEO of Westpac to come out to the AFR with a thesis as to why Mott was wrong to reverse the falls.. Short interest was also building on WBC which posted decent results back then and they dissappeared. Mr Mott seems to have abandoned his "liar loan" thesis on WBC (which proved to be a load of crap) and now seems more focused on BOQ (he has issued multiple downgrades on it in the past as well). I would expect if the SP starts climbing he will issue another downgrade as he did with WBC last year in Apr/Mar
Imo he is a complete r#$tard... I've seen his ratings and he has literally been wrong everytime yet funds seem to think he is some sort of oracle