Mr Cooper Group Inc (COOP)

[Billiam_2]

Nothing has changed. Whatever caused WAMU to go up yesterday is still in force today. The only difference is we now have day traders on board who will constantly flip. I have no problem with that. A good trader could make alot of money off a volitile stock like this. If sells and buys are close to being equal the board will be manipulated by the MM's. They have orders to keep the pps down so shorts can cover. As soon as buys outnumber sells 2:1 with heavy volume we go up. Simple as that. For those who are here for end of game it really is meaningless. Except for one thing, what caused the run. The $4B decision, THJMW giving the money back? Shorts covering? Leak of an impending settlement? Since all classes of WAMU went up significantly I lean towards the settlement leak. After all by EOW we have an omnibus hearing and also the one year anniversary, significant because the deal struck by JPMC and the FDIC can be changed up until that date.