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that's interesting, Wonder why that didn’t make attention grabbing provocative headlines? It was UPGRADED from SELL to Underperform
I agree but technically according to the article it’s not a SELL but an UNDERPREFORM https://dailyinvesting101.wordpress.com/2019/04/22/investors-should-be-tempted-to-take-a-look-at-this-stock-mr-cooper-group-inc-coop/
just noticed this on Amaratrade, CFRA “Center for Financial Research and Analysis” Mr. Cooper Group Inc. Recommendation [as of April 18, 2019]: HOLD…
CFRA obviously doesn’t’ quite have the effect piper does,
indecently piper nor any one else has rated COOP a SELL. READ-https://dailyinvesting101.wordpress.com/2019/04/22/investors-should-be-tempted-to-take-a-look-at-this-stock-mr-cooper-group-inc-coop/
it seems to me that coop's share price needs to be suppressed because the market value of coop is some how connected to our returning equity, coop cant be too high otherwise they would have to cough up to much when our equity is returned
vote NO on pay increase
On the TOPIC of the recent Court Docket: #12604 Date Filed: 4/12/2019
under the heading;
"Preliminary Statement”
Brian S. Rosen, Mark D. Collins, Paul N. Heath, Amanda R. Steele
State the following;
Paragraph 1. During the course of the Debtors’ chapter 11 cases, certain of WMI’s equity interest holders have waged a war of misinformation with the Court... Such tactics have included speculative, inaccurate or misleading financial information being posted to ELECTRONIC MESSAGE BOARDS,
on Page 15 of 23 at the end of paragraph 32 it says;
“The fact that an equity holder posted a notice on an ELECTRONIC MESSAGE BOARD almost six years after disclosure…
the TOPIC of these statements tells me that Brian Rosen either monitors this board or IS ON THIS BOARD
I hope you are right but 90 % of this stock is owned by institutions and insiders, retail is insignificant except to take easy money from. If you are serious about the scam, write to the SEC or the institutional holders or the insiders. Messaging on this board has little value.
https://www.sec.gov/tcr
REPORT-Collusion & market manipulation
BLACKROCK INC. owns 4,621,115 coop shares
BLACKROCK INC. is THE top holder of Piper Jaffery with 2,248,518
BLACKROCK INC. is the 2nd top holder of JPM with 215,088,123
JPMORGAN CHASE & CO is a top holder of BLACCROCK INC. with 21,661,525
BLACKROCK INC. doesn’t own any KKR but would like to own more COOP shares
Maybe I’m pleading from ignorance
but I see a pattern
therefor it’s pleading from best evidence provided
Remembhttps://www.seattletimes.com/business/wamu-investors-can-question-hedge-funds-on-insider-trading-claims/er-
https://www.sec.gov/tcr
I'm not exactly on your side but I don't mind the drop in price
if you really feel as you do take some time and fill out this form;
https://www.sec.gov/tcr
Somehow our returning escrow is tied in with COOP’s share price, the powers that be need to keep COOP’s pps artificially low and forced down at least until our equity is retuned.
I hope your right because I'm also short but it seems immoral
https://www.seattletimes.com/business/wamu-investors-can-question-hedge-funds-on-insider-trading-claims/
they're up to their old shenanigans
You’re missing the point. Market manipulation is prohibited in the United States under Section 9(a)(2) of the Securities Exchange Act of 1934
Manipulation includes; rigging quotes, prices or trades to create a false or deceptive picture of the demand for a security. Those who engage in manipulation are subject to various civil and criminal sanctions
Coop’s future looks good even Piper Jaffrey agrees with that
https://www.sec.gov/tcr
The SEC allows all members of the public to file a complaint electronically. To do so, you will need to use the official Securities and Exchange Commission Investor Complaint Form.
Overlay COOP on a KKR chart over the last two weeks and you will see some anomalies
Mr. Cooper Group Inc (NASDAQ:COOP) – Investment analysts at;
Piper Jaffray Companies; (sell)
Q1 2019 earnings at $0.37 EPS,
Q2 2019 ?.??
Q3 2019 earnings at $0.35 EPS,
Q4 2019 earnings at $0.42 EPS
Q1 2020 earnings at $0.51 EPS.
Wedbush; (buy)
Q1 2019 earnings estimate $0.32
Q2 2019 earnings at $0.44 EPS,
Q3 2019 earnings at $0.60 EPS,
Q4 2019 earnings at $0.64 EPS,
FY2019 earnings at $2.00 EPS,
near term piper is higher??
Piper Jaffray analyst Kevin Barker said the plan to cut costs and deleverage is a good move for the long term but will result in a "painful near-term reality for shareholders."
What’s painful about short selling? He must not be talking about retail investors
October 30, 2018;
Mr. Cooper Group Inc (NASDAQ:COOP) was upgraded to Neutral by Piper Jaffray;
When Piper Jaffray Companies analyst K. Barker sees coop price going up he upgrades when he sees it going down he downgrades, I could do that:
From NASDAQ.com 3/20/19
COOP:
BULLISH
[Positioning] 1 Day Price change extreme down, may pause/reverse
[Positioning] Short term extreme pullback, expect pullback to pause/stop.
[Positioning] Extreme Oversold, odds definitely favor long trades.
[Positioning] Strong Down trend (1 month), not sustainable, occurs only 15% of the time, expect trend to turn sideways or higher.
[Positioning] Intermediate trend possibly bullish, Sideways trend near lower support.
[Timing] Extreme bearish 1 day moneyflow, on an strong-extreme pullback is considered bullish.
[Timing] Extreme 3 day distribution, but when the stock is oversold this can be considered bullish.
I think they are at it again; In July 2007, Piper Jaffray was fined $150,000 by the New York Stock Exchange (NYSE). Piper violated securities trading rules from January through May 2005, selling shares without borrowing them, and also failing to "cover short sales in a timely manner", according to the NYSE. At the time of this fine, the NYSE had levied over $1.9 million in fines for naked short sales over seven regulatory actions
this came out on Monday but oddly no one noticed -18 March 2019-Credit Suisse; Reiterate Outperform: While GAAP earnings (and book value) will be negatively impacted by the likely negative mark in the first quarter we remain comfortable with the underlying profitability (and cash flow generation) of the servicing business.
This stock is so predictable its ridicules, every year around the 1st of the year it goes up then around the first of March it goes down then back up, why some here have issues with the up/down movement is beyond me, money can be made either way
Credit Suisse March 7, 2019 ;
-Reiterates Outperform: COOP's 4Q earnings should highlight the stability of servicing earnings plus the highly visible growth in servicing balances for 2019. These 2 factors coupled with the stock selling at a discount to book value (adjusted for NPV of DTA), results in the stock offering an attractive risk-reward
Looks to me some one knows what’s coming and are bailing out of their short positions before they get slaughtered
Credit Suisse March 7, 2019 ;
-Reiterate Outperform: COOP's 4Q earnings should highlight the stability of servicing earnings plus the highly visible growth in servicing balances for 2019. These 2 factors coupled with the stock selling at a discount to book value (adjusted for NPV of DTA), results in the stock offering an attractive risk-reward
Mr. Cooper Group Inc. - NASDAQ:COOP- beats Q4 Consensus of 5 analysts by 33.54%
per Ameritrade
Announced March 7, 2019
$0.82
Q4 Consensus
of 5 analysts
$0.55
Difference from
consensus
33.54%
am I missing something???
Basically they stole our investment money and other assets, have been drawing interest on it and using it for their own benefit for the past 10 years and are refusing to give it back, it’s called robbing a bank
David Tepper says he's buying stocks after market's worst week in a decade
not sure why everyone on this board thinks they have to be either long or short when it’s possible to be in both positions simultaneously
Found this odd message today on the shortpainbot.com page
any one care to enlighten me as to what it means
Note: We have detected that our data provider shows 0 for short interest. Please manually confirm and if different, disregard the short data and short pain data below.
Amen to that
I guess I had better sell out because that’s what they tell us to do when it breaks the 200 day
I dint vote for the reverse split I think an investigation needs to be done. show us the numbers how many of us Actually voted for it?
Yes, a Class action lawsuit is the mantra we need to take up. I think that they have forgotten they exist only because of us, otherwise everything would belong to JPM right now
“The cash amounts actually received and paid could be materially different than the reported balances”
Forgive me for not understanding the complexity of this case but could it be that “what is out there” (safe harbor?) is hidden in plain sight? based on this following “rule” regarding GAAP
Under the AICPA's Code of Professional Ethics under Rule 203 – Accounting Principles, a member must depart from GAAP if following it would lead to a material misstatement on the financial statements, or otherwise be misleading. In the departure, the member must disclose, if practical, the reasons why compliance with the accounting principle would result in a misleading financial statement. Under Rule 203-1-Departures from Established Accounting Principles, the departures are rare, and usually take place when there is new legislation, the evolution of new forms of business transactions, an unusual degree of materiality, or the existence of conflicting industry practices.
on the ‘WMI liquidating trust” web page it says regarding; “Key elements of liquidation basis accounting as set forth in ASC 205-30” include:
• Instead of a balance sheet and income statement, the Trust provides a Statement of Net Assets in Liquidation and Statement of Changes in Net Assets in Liquidation. The Statement of Net Assets should report assets and liabilities at the amount of cash expected to be received or paid in liquidation. Such a report is inherently uncertain, as it is based on estimates and assumptions. The cash amounts actually received and paid could be materially different than the reported balances. Required departures from GAAP
This is interesting,
maybe it’ll bring on a dip below 1.35
Note 14: Subsequent Events
On May 8, 2018, a purported class action lawsuit, styled as Franchi v. Nationstar Mortgage Holdings Inc., et al., Case No. 3:18-cv-01170-B, was filed in the United States District Court for the Northern District of Texas naming Nationstar, WMIH, Wand Merger Corporation and the individual members of the Nationstar board of directors as defendants. The complaint alleges that the defendants violated the Exchange Act by disseminating a false and misleading registration statement. The lawsuit seeks a variety of equitable and injunctive relief including, among other things, enjoining the consummation of the Merger, rescinding the Merger to the extent already implemented, directing the defendants to disseminate a registration statement that does not contain any untrue statement of material fact, declaring the defendants violated the Exchange Act, and awarding plaintiffs costs and attorneys’ fees. The defendants believe this lawsuit is without merit and intend to vigorously defend against it.
They'll probably bring it down past 1.35 one more time before it goes up just to grab the stop losses (I've removed my stop losses on the down side but not on the up side)
Looks like the shorts fear something
Historical Short Volume Data for WMIH
from naked short report
Date %of Vol Shorted
May 09 12.10%
May 08 46.97%
May 07 6.06%
May 04 65.61%
May 03 73.95%