Mr Cooper Group Inc (COOP)

[DPincus]

Isn't the simple answer to the .40-.50 drop from the high a simple matter of taking profits, .40 on each share sold, for those with large holdings who knew it would open high and set their sells accordingly?

If I had several hundred thousand shares of WMIH, I would have taken 25% of my holdings and taken some profit off the table, still holding onto 75% of my stake. Wouldn't you?

500,000 shares.
1/4 = 125,000 shares.
125,000 x $3.00 = $375,000
125,000 x $2.50 = $312,500
Subtract, = $62,500 profit for a moment's work, with 375,000 WMIH shares still in my holdings, waiting for the next leg up.

Dion