Ocwen Financial Corporation (OCN)

[excuseme4saying]

I'm excited about OCN and the coming weeks.

1. On 3/1/16, after being hammered, OCN closed at 2.11 or 6 cents above its 52 week low of 2.05
2. On 3/2/16, ASPS scheduled CC for 3/10/16 to address fees, SEC investigation, and strategic options.
3. On 3/3/16, OCN's accountant bought 10K OCN shares via the open market.
4. On 3/4/16, large purchases took place in the AH. At 16:07 hours,
153,724 shares were purchased at a price of 2.38. At 16:09 hours, 239,403 shares were purchased at a price of 2.39. Whether the purchases were to cover a short position or establish a long position is irrelevant. No one invest in $300K or $500K expecting the PPS to drop.
5. On 3/10/16, ASPS will conduct the CC. Topics include - Strategic options, OCN fees, SEC investigation, and forward guidance.
6. On 3/18/16, options expire. The option interest and option volume at strike prices of $2.5 and $5 have increased.

Only time will tell whether OCN is bought out, sells off some assets, the SEC drops investigation, or all the above takes place.

Whatever OCN, ASPS, or NRZ comes up with, it seems that interest in OCN has been slowly picking up.

Yes. I'm long OCN. I established a position at 2.20 on 3/1/16. However, I am not married to the stock. I swing trade.