Thursday, October 05, 2017 10:23:07 AM
No material events in a negative light have been represented recently, but rather one positive press release regarding the company paying cash to close out those notes which were draining funds slowly with interest every quarter that they were not paid off.
I for one am glad they are now paid in full and is one less thing the company has as a obligation to deal with. As far as the recent price movement is concerned like i said its nothing based on news or rational. Someone or some groups of people with not even that sizable margin accounts can short//purchase/manipulate a stock like this one easily due to the low volume and share price.
It does not take a lot for them to move it in one direction or another on such small volume. Sentiment also plays a role in those peoples strategy. Funny how some certain names keep beating the same drum beat day in day out while others only show up to post something outlandishly negative based on no facts when its moving in said direction.
To sum up I do not concern myself with the daily movements of pennys in one direction or another. Material events and facts are what really matters going forward. everything else you hear is just noise and static trying to goad a reaction out of you or to stress some holders out of their positions. I dont let the ramblings of someone with alterior motives effect me or the facts on the ground.
My position could be underwater upwards of 75% and i still would not budge a inch because i know its just trading based on no material information and low volume movements which can easily be controlled daily.
I feel secure actually that so many people are so interested in some no name company with no business to speak of, limited volume, and share price. with all the easier targets and other places to be they still spend so much time here? why is that you have to ask yourself. Once you answer that question ask why the major hedge funds and investment grade funds are not budging either. they usually know of material events before the common man does, but yet they watch the daily low volume movement and just sit on said positions. might it be because they know what they have and have the patience to realize a longer term gain on a longer term investment? I personally think so.
I think its very telling when the same group of people are trying to shift sentiment to the negative spectrum based on what? peoples lack of patience? low volume to the downside? Just remember material events are what will determine the earnings potential going forwards as well as future valuations. Nothing negative nor positive has happened materially so it does not reflect reality. When a material event like a M&A Only then will the share price start to reflect its true value or at least start to move in a logical direction and not what has been going on during the long period of radio silence to the public from the company by which any individual or group with deeper pockets coupled with low volume and a loud bullhorn can try to shift sentiment to their favor to grind out money from those people without the patience or realization of whats going on.
This is all just in my opinion of course. Hence why i rarely post these days as nothing has materially happened and I like many others are waiting for the company to deploy its financial assets to drive earnings forwards for its shareholders.
Have a nice weekend everyone. back to lurking.
Recent COOP News
- Mr. Cooper Group Reports First Quarter 2024 Results • Business Wire • 04/24/2024 11:00:00 AM
- Mr. Cooper Group Announces Two New Senior Leaders • Business Wire • 04/23/2024 01:00:00 PM
- Mr. Cooper Group Inc. to Discuss First Quarter 2024 Financial Results on April 24, 2024 • Business Wire • 04/05/2024 03:37:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 09:34:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 11:05:39 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 11:04:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 11:03:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 11:01:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:59:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 09:28:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/14/2024 09:15:59 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 09:13:50 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/09/2024 12:00:29 PM
- Mr. Cooper Group Reports Fourth Quarter 2023 Results • Business Wire • 02/09/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/01/2024 09:30:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/30/2024 09:26:40 PM
- Mr. Cooper Group Inc. Announces Pricing of Offering of $1 Billion of Senior Notes • Business Wire • 01/29/2024 11:02:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 12:55:56 PM
- Mr. Cooper Group Inc. to Discuss Fourth Quarter 2023 Financial Results on February 9, 2024 • Business Wire • 01/11/2024 09:55:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/09/2024 09:00:53 PM
- Mr. Cooper Group Appoints Mike Weinbach as President • Business Wire • 01/09/2024 09:00:00 PM
- Meta CEO Sells $428 Million in Shares Since November, AMC Hits New Record Low, and More • IH Market News • 01/04/2024 09:51:01 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/02/2024 09:19:20 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/29/2023 08:45:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 09:08:37 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
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Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM