Mr Cooper Group Inc (COOP)

[grandetourismo]

Using the argument of comparing WaMu to other pink sheet stocks, we have seen only a small walk down here over the last couple of weeks and that is in spite of the low volume. Normally once the sizzle of a rumored pink sheet PR is injected into the pps then followed by the requisite selling on news, the MM's can stretch the pps like taffy milking the volume for all the spread they can get while they kill the run.

In WaMu's case, Judge Walrath's considered rulings will carry far more weight then any pink sheet PR would carry. As a result, we will not see the immediate selloff you would normally associate with a pink play. There is just too much on the table here.

So IMO, what makes WaMu different from your garden variety pink sheet is what is on the table with WaMu. Instead of a PR, when the Judge"s rulings come down in favor of WMI/WaMu then throw in short coverage and sideliners coming in and the pps will see .18 to .25 after a day or two and stick. From there it seeks pre-seizure status and higher.

Just my two cents.

GLTA