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Thanks Az. It's not like my markers or claims are going anywhere. LoL.
Az, how close are we to this being finished? What is left that has to be completed?
Are you intentionally omitting the new serum antibody testing results from.Stanford that indicate 50 to 85(2.5 to 5% of the total population) times as many people have had this virus as what have been included in the official case count. That lowers the mortality rate significantly, probably to around 0.05%
1 JPM for 1 COOP.
What have the last 11 1/2 years been about?
I think there have been two reasons for drawing this fiasco out for 11 1/2 years that benefitted the players with inside information that wanted to kill off equity in the bankruptcy process:
1. They needed to continue the charade that there was nothing left in the WMI estate thereby justifying their attempts to kill off equity.
2.They have engaged in a massive psyops operation to lower the expectations for a recovery for legacy equity owners in order to get them to sale at a low ball price once funds do start to flow to classes 19.and below.
That's what I thought. Just blowing smoke or you really don't own any escrows.
How would you know if we don't have enough money until you set a starting price?
Give us your right price or are you just blowing smoke?
That would be cool. It would also be fair.
8.75 for a common share of WaMu or the reorganized company?
We're a long way from either.
The only information I can find on COOP option chains indicates that there are only 10 put contracts for February. That's only 1000 shares. I don't know about you but that doesn't seem like a huge position to me.
Just how "huge" is the open put position and what 8s the strike price?
The chances of that $12.50 put option breaking even is 10% or less.
I agree. The members of the LTAB will be sued if there is no meaningful return to escrow holders.
I'm not saying you should. My comments were directed at that one particular post.
This stock will not get any respect or gain price stability until management produces good results for at least 4 more quarters. I do think the potential for this company is huge and I do think they have a good plan for growth and increasing shareholder value.
SJ, that was my WAG as well. Why is JPM hoarding cash? And why is one bank so big their actions can.create such shockwaves through the entire system?
I would take 47 shares of COOP per P escrow I hold now and walk away with a big smile on my face.
Your question doesn't even make sense. Did you mean escrows? I can tell you have a firm grasp of the issues that are being debated. LoL.
Bingo. I guarantee you Rosen is enriching himself. In my very humble opinion, of course.
Many thanks for your service. I agree with your sentiments. The WaMu saga has lifted up the skirts of Wall street and revealed how sordid and rigged our financial system is.
That is why, while I respect the rank and file of our military and law enforcement agencies, I think the upper echelons of the DC beaurocracy, including law enforcement, the military and the financial regulatory agencies, have their own agenda and often that agenda does not correspond to the principles on which this country was founded.
I for one am glad that Alice has made the LT cognizant of the fact someone is watching them. Hopefully they will remember the example of another pro se advocate , Nate, who held a previous entitled group of insiders
accountable.
I am pretty sure the UWs were placed in class 18 in the last PoR and agreed to being moved to class 19 after the fact. They were not forced to go to class 19. In fact if they disagree with being in class 19 and prefer being in class 18 they should be supporting AG's legal action instead of opposing it.
I guess Piper doesn't care that one of their analysts makes them look incompetent.
Has the FDIC been released yet? I don't think so.
It dies appear that Mr. Cooper is reconstituting a lot if the services of WaMu.
Nice.
But you're not wasting your time by constantly telling us we are wasting our time?
You cannot argue with logic like that.
If things work out then I'll be glad that Rosen was an unethical dweeb Because his unethical behavior is what saved retail equity in the end. If they don't work out then somebody needs to go medieval on his hiney.
Forbes had an article that basically said we are entering the biggest housing boom in history right now. IMO, if you are short any stocks in this sector you are just begging to lose money.
So you're saying the financial system laws in this country are set up to favor the oligarchs? I agree.
Do you think they won't be good or are you hoping they won't be good? Bban, sometimes I think you out think yourself and it causes you to miss buying opportunities. Then you are left hoping the share price comes back down.
I subscribe to Lodas' school of thought....buy the dips. I have increased my post bk position by 300%.
The DiP wanted the remnants very badly....so badly they risked charges of insider trading. I was willing to buy more to see what is behind curtain #3 that the insiders seemed to want so badly.
Vodka, the answer is obvious if you would take time to think about it. Quarterly Earnings announcement is on 10-31-19. Jay Bray has given several indications that business has been very good this quarter and for the foreseeable future. COOP is retiring corporate debt ahead of schedule. M2M should favor us this quarter. The share price is going up in anticipation of a good earnings announcement and positive forward guidance.
George W. Bush's administration was the reason I went independent. Between the crony capitalism and neocon foreign policy practiced by his appointees it became obvious that both parties serve themselves first.
Hank Paulson should be in prison right along side Bernie Maddof.
I agree. I think Sheila Bair screwed the pooch royally on the WaMu fiasco but as the federal government is wont to do they decided to sweep her egregiously incompetent actions under the rug by using the corrupt Delaware bankruptcy courts.
You will notice that Bair has been relegated to a pariah type role in the current federal government. I heard she was thrown a bone and offered the presidency of a small college but was soon canned due to her incompetence.
Baird was an incompetent beaurocrat who should have never been placed in such a position of power and got played by Jamie Dimon and Hank(Lex Luthor) Paulson. She was probably placed as the head if the FDIC because Paulson and Dimon knew she was incompetent and could be manipulated.
I don't think they are scared. I think they have motives other than maximizing profits in the short to medium term. I think the big shorters are playing a long game and trying to buy the most shares they can for the cheapest price.
I think the day trading shorts are stupid and they are the ones who should be scared.
I guess it depends on what price they shorted at. If they cover their earlier short and then go short again I am fine with that because they will be forced to cover again which will dive the price up. Playing the minor swings in a stock with strong fundamentals is a losing play, IMO.
All of the banks are reporting great earnings for last quarter. I fully expect COOP to do the same. If you are short this stock when they announce earnings then you deserve the financial thrashing you will take.
Wake me up when we hit $36.
Anybody who is short COOP at earnings announcement is either stupid or truly uninformed.
What is the current consensus on what P escrows will receive? As long as they get face + interest I am good. If not and the U's somehow manage to realize a windfall I suspect holders of the P's will initiate legal proceedings.
If you really feel that way why read the board at all?