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If there were any justice in the world we would see a very positive announcement regarding BK closure with positive news about how it affects COOP after hours on Friday. Then the share price gaps up about $6 Monday at the opening bell and all the remaining shorts suffer immensely and as they try to cover their position they drive the price up another $4.
Shakespeare was right.
It seems these MMs do not understand COOPs fundamentals but are simply using algorithms to trade the stock.
Wake me up when the share price hits $40...which it will, IMO within 18 months.
That would be the Occam's Razor response.
"Occam's Razor is a line of reasoning that says the simplest answer is often correct"
Again, why are the UWs fighting so hard to stay in Class 19?
Because they would have to short a lot more stock to get it down to those levels and they are having a hard time covering the short position they have now.
So now they are just churning the share price hoping to accumulate shares from the small trading float available. If it goes under 10 I am a buyer again.
That is something I can agree with you on.
Everybody knows why.
So how were the UWs initially placed in Class 18? Was it via the PoR or was it an agreement with the LT after the PoR was accepted?
You need to understand what the term "Whistling past the graveyard" means because that's what you are doing. LoL.
Small time thieves get sent to prison. Big time thieves get millions of dollars in bonuses and stock options ala Jamie Dimon and Hank Paulson. That is the basis of the criminal justice system in this country. If you think about it we are no different than the Russian system ran by oligarchs and plutocrats.
Hey you SOB MMs! You're going to have to substantially raise the price of COOP if you want to acquire any substantial number of shares.
Your plan of taking the price down to below $7 and then churning back and forth as the price rises slowly isn't working. Too many shareholders are lock and loaded for the long term. The nervous nellies and daytraders that were inclined to sell during your little fishing expedition have sold.
And BTW, thanks for taking the price down. I doubled my holdings at an average cost of $8 a share.
Everyone? Every single person has been wrong? BTW congrats on your ability to see into the future and determine the final outcome of this saga.
"All the others"? So you didn't get any shares in WMIH/COOP?
Receiving those shares was an event and we survived some pretty long odds to still be here. I think the odds of equity surviving the bankruptcy process were a lot higher than the possibility there are significant funds being kept in bankruptcy remote accounts.
We beat the odds to even be here with the possibility of more financial recoveries.
What was in the estate has been devoured by the locusts.....attorneys and accountants.
If there is anything for old WMI shareholders it is held in bankruptcy remote accounts.
And they are doing it on super low volume.
I have made significant purchases of COOP stock in the last few weeks. I am a little upset that I didn't get them all below $8 a share but I am happy with my average purchase price.
And I still have funds available should they decide to bring the price down again.
I will be happy to sell them my shares at the right price.
I read your posts and I agreed with most of what you posted. I did conclude that Jay Bray and COOP management had a very well thought out game plan for growing the company and hedging profits against fluctuating interest rates. They seemed that they were able to make very strategic expansion decisions that they were able to bring to fruition.
And I don't think they are through by any means. I think COOP is becoming a behemoth in the mortgage and finance sector.
Yep. Got 5000 additional shares of COOP below $10(about 80 cents pre-reverse split price).
With a PE of 15 the SP would be $84.
New Residential(NRZ), which offers similar services to COOP, has a PE of 19.
COOP's short interest as a percentage of its float is not that high. For a comparison you can refer to highshortinterest.com to see companies with a high level of shirt interest.
I think COOP's short interest us only 7% of its float and it may now be lower than that.
COOP's short interest isn't even that high. Its not even close to the top 100 in the Nasdaq list of most shorted stocks. Right now COOP's short interest is a little over 7% of its float.
Here is a lust of the Nasdaq's most shorted stocks for comparison.
http://www.highshortinterest.com/nasdaq/
Nope. How can Rosen do or say anything at an omnibus hearing for the LT that would have an effect COOPs share price? Just throw out some possibilities of what he might say or do that would crater the share price. I will hang up and listen.
I agree totally. That's why there has to be more than NOLs being the motivator for Nationstar merging with WMIH.
I am lock and loaded having doubled my shares with the pre-merger price below $1.
DYODD.
The share price of this stock always moves up prior to the announcement of positive news. It's been that way for 11 years.
Then man up and go short a s-load of the shares. I bet you won't.
That is exactly right.This is essentially a legal dispute over WMB assets that were sold prior to the seizure of WMB.
No you did not show that the new owners of the trusts got markers via the PoR. I went back to the original article you posted. It clearly states the trusts were sold prior to the FDIC putting WMB into receivership. Deutsch Bank is listed as one of the owners of the mortgages sold by WMB. The entire case revolves around JPM trying to claim ownership of mortgages they clearly never owned or had a right to. The new owners of these trusts never had a claim against WMI.
No they didn't get markers. Show me any where in the PoR that proof that owners of the BK remote trusts got markers or gave releases. You can't. They were not a party of interest in the BK process.
Define big boys. I actually think the big boys are still holding.
I think the MMs are working the price down with small sells to minimize the damage to their short positions.
A big positive is that Jay Bray and COOP management seem will ing to blindside the big shorts with good news.
If the price gets back to $9 or under I am a buyer. Eventually the shorts/manipulators will run out of bullets and they will be crushed.
Az, your analysis may be 100% accurate but if the FDIC never closes the bankruptcy none of your analysis or predictions will ever be realized.
It would be nice to get back to $12 which is $1 pre reverse split.
The last 11 year's have been kabuchi theater to try and cover up Sheila Bair's complete incompetence and stupidity. Also, the FDIC does not want the public to see that they and the Federal Reserve are just agents for the TBTF banks.
It is a stretch to think Rosen is fighting so hard to insure the UWs get nothing. I'm sure the UWs will appreciate it and remember his law firm in the future if such is the case.
I wouldn't be surprised either way. The MMs and sp manipulators have been using the M2M write downs as cover for shorting the stock.
Jay Bray said that was ending. If interest rates go up earnings should be phenomenal. If COOP grows its loan origination business earnings should be very good.
No, the MMs are still accumulating shares. I do think the sp will continue heading up after a few days of consolidation.
In the conference call management indicated that the 2nd quarter was the last quarter they anticipated they would have to take the write downs. And remember, M2M is just a paper loss due to GAAP policy. They are not actual losses that ate up cash flow.
COOP appears to be a great hedge against rising interest rates. In addition management has done a good job of off-setting the paper write down losses of M2M adjustments. Cash flow is great. Business is expanding especially in the loan origination sector. I am very happy with my COOP shares and am glad I added with the price under $10.
I would like management to consider initiating a stock buy back program once the M2M adjustments are done. At these prices I can't see a better place for them to put excess cash.
I don't think that's correct. MTM on a loan portfolio is negative when rates fall.