SYR future - Spherical, and Bright!, page-13

So Regal Funds Management has bought a large number of SYR shares and have entered into an agreement with UBS to lend their shares to them for UBS to sell them on the ASX in the hope of the shareprice falling further.

Is Regal Funds going to continue to buy more shares including the shares UBS short sell? Which could spark a rally in the shareprice, especially if they aquire more on market and ask for their loaned shares back.

Then again if Regal Funds holds off buying more this SYR shareprice has much further to fall. UBS has a large stake to keep churning through the market.