Mr Cooper Group Inc (COOP)

[rramirez82]

Jerle, I really don't understand what forms the basis of your opinions. How do you figure that settlement is out of the question based on PPS?

(1.) We have discovery due within the next week or two -- so if you believe JPM is going to settle before anything is produced, then probability supports the notion of settlement over the holiday weekend;

(2.) WAMUQ volume has been through the roof since Friday afternoon, which clearly indicates that shorts have been covering their positions -- especially since the bulk of the volume has been on the commons;

(3.) It is likely that something leaked out to institutional investors, which caused the sudden spike in PPS -- which was tempered by MMs today to allow for higher volume at a lower PPS.

Based on these three things alone, I can't see how you find the basis to negate even the possibility of settlement this weekend. You flip your opinion more than daytraders flip our stock.