Mr Cooper Group Inc (COOP)

[grandetourismo]

*Increased speculation will drive the pps up by close on Friday.

Due to recent events, air over the JPM FDIC WaMu WMI case is highly charged. In fact the air over the whole banking system is setting up for a big change.

In WaMu's case, all it's going to take for the stock to explode at any moment from here on out, is a spark from Judge Walrath.

Walrath could make a decision after the market closes today or Monday or any time so I would not be out waiting for a dip to get back in. We know that the upcoming decisions are pivotal to WaMu's outcome.

As a result, IMO it seems likely that *market speculation (on a turning point decision by) Walrath this weekend, will put enough pressure on the buy side that the mm's will have to let it run causing a massive cover.