Mr Cooper Group Inc (COOP)

[SamuraiProgrammer]

Observations from the sidelines.

Before I start, I don't KNOW anything. All of this is observations of events (legal and regulatory), behaviors (mostly of the stock price), and posts made here.

For years, many here have complained that the price was being manipulated and held down.

For years, there was a veritable 'sword of Damocles' hanging over the BK proceedings in the specter of possible litigation that turned into real litigation that drug on for several hearings, appeals, and additional venues. At least part of that 'sword' was finally removed not so long ago. Yes, there could be more litigation hiding around the corner, but I personally believe that we have seen the end of it.

But an interesting thing happened on the way out of the courtroom. Since then, the stock price has gone up roughly $7 or over 20% in just 2 months. This behavior must be considered a material move.

Furthermore there has been at least one notable filing by a COOP bigwig stating intent to sell shares in the not so distant future. This filing claims (in a way that must be seen to be believed) that as of a certain date, the aforementioned 'bigwig' will have no 'insider' information that would prevent his legal, moral, and ethical sale of these holdings.

And, intriguingly, all of this happens at about the time when change of ownership restrictions (3 year rolling) expire!

I find the timing of all of this curious. At the very least, it is safe to say 'something is afoot'. The question now becomes what?

My assumption is that something is going to happen between now and that date that IS material and WOULD imply an unethical trade and that somehow any knowledge today will no longer apply. Is it possible that one can absolve themselves of 'insider' knowledge by simply postponing a sale a certain number of days? I guess so. Yet, I can't help but think that something is happening.

I have never been one to agree with the theories about price being held back. Yes, it can be done in the short term (notable example - options expirations), but eventually, the laws of supply and demand will overwhelm even the deepest of pockets. As a former colleague used to put it 'the market has a big enough paddle to whip anyone's ass'.

Yet, it is interesting that without any (IMO) material financial events, suddenly the price has started to run again. Could it be that those who have been accused of 'holding the price back' are now willing to let it run? Could it be that they have a reason to 'push' it to a new level now that they no longer have a need to 'hold it back'?

Now we have been presented with a $50 price trigger that may open the vault doors and finally see us receive (at least some of) the benefits we have so long hoped for. I have had conversations with AZ and trust his motives as well as his judgement. That is to say, I think I understand why he posts here and why he endures the antagonism that is sometimes poured on his posts. Furthermore, after having listened to his trail of evidence I must say, I have not seen anything as complete in the time since I became involved with WAMU/WMIH/COOP.

No matter. It is not like any of us can divest ourselves of escrow holdings. The only thing that can affect our behavior would be inferences of what COOP will do in the near term.

The pot appears to be beginning to boil. You know, the little bubbles that form at the bottom and don't quite make it to the surface. How long before the cauldron starts to churn?

At the very least, it will be interesting to watch.

GO WAMU!
GO COOP!

Thank you AZ for all you present!