the advantage of surprise, the MM once enjoyed, by indiscriminately dropping the price of coop stock is long gone...they have to forage at higher levels to get stop loss orders to go off... but alas, timing of events are closing in on them, and absent a secondary offering, as has been alluded to by some on on the board, 9 million shares must be found ASAP before August 1 conference call... should the news be positive, the stock may attract public buying, in which MM will have to fill those orders by naked short selling, thereby increasing the already 9 million shares they are short...where.o' where can these shares come from, if retail, and tutes just keep on buying on good news, even though the MM keep depressing the price...Rosen said 4th quarter the bk should close , not much time to forage for shares if you are short.... drop the price MM, we buy.. raise the price to buy these shares on the open market.. we hold... so either way MM and short sellers, you LOSE... you bet against the biggest savings and loan company on the planet, FDIC-R chopped off one head of the beast, but just like the salamander, it will grow back again....KKR knows it, as well as over 100 institutions holding over 87% of the O/S shares, which leaves a scant 13% float, of which 9 % is short... now do the math, and see just how many shares are floating around after you factor in retail and insider holdings.... day traders?.. you can forget them, they would not touch this stock with a 10 foot pole the way it trades daily...so it just leaves poor short hedge funds doubling down on naked shorts in the hopes some jerk will sell his stock ...got the picture Peyton.... Lodas ( fortune favors the risk takers, not the fence sitters)....Lodas
