Mr Cooper Group Inc (COOP)

[lodas]

electrostatic.....IMO, the MM took coop to a recent low of 6.57, and only got about 400k shares back to cover their positions...the drop occurred from about the 13 dollar or so level, so that was a pretty hefty shake, but it did not yield much for them short sellers...my take is that it will certainly go lower than the 6.57 range to possibly in the 5 dollar area to do the trick...I do not look forward to this event, but the MM will cover at any cost.. they must cover before the bk is ended...longs, however, are in a strategically better position than shorts, simply because they are having to short at the bottom, which they never do, but in this case, they filled demand by selling shares into a rising market in which they did not have...they simply are in a quandary now, with tutes holding over 84 % of shares, and the rest by insiders and retail... we all know how valuable those shares are, just look at the way it has been trading...if the MM were long in their portfolio of coop stock, they could make a killing selling it to the public all these years when the dow was rising exponentially...alas, all they could do is sell naked shares into the rising demand...NOW THEY MUST SOON COVER, AND THE SHARES ARE JUST NOT THERE TO BUY....look for the price to go below 6 dollars, but wait for the dips, if they take it lower...just put in a GTC at the level you want, and wait for the bottom...Lodas