Mr Cooper Group Inc (COOP)

[Jestiron]

Does everyone understand that those who are short/naked short are MEGA screwed if a settlement were to kick in tomorrow? They would instantaneously have to cover at settlement agreed price/exchange.

Also,...I'll wager that there was substantial "Ex-Clearing" going on between the major MMs. Ex-Clearing allows MMs to close a trade (T+3) by shifting the shorted shares to another MM and there-by appearing as a closed trade. Back in CSHD-land we used to use Hot Potato as an analogy. I am betting the short position is much larger than we see, MUCH larger! Remember that perpetrators expected to see this fade away....which would be huge $$$$...but since Weil is on board, seems they may be forced to cover ALL these positions. OUCH!!!

IMO This is one of the reasons for the JPM stall. JPM is telling their lawyers to find every way to stall. Throw every method at the Judge you can.



Shorts are caught with their pants down already IMO! Unless they can find more time...someone is gonna lose their ass(es)!

Jest