Mr Cooper Group Inc (COOP)

[Dragynn]

BIG money already loaded up on WAMUQ, anyone who can read a chart and do basic DD knows this. That's why trading volume is only a few million a day on a stock with a 1.7 billion OS. Big money has their position already filled, retail has theirs and is holding tight for the most part. Volume is gone on the preferreds. The bonds are the only thing left.

Why did this stock shoot up to over .40 on no real news?

K.I.S.S principle is in effect here for the answer:

Lack of supply. Because the longs were not selling, the "BIG" money was not selling. It was the same stock selling and being re-sold by daytraders.

Watch what happens when the 4 billion is ruled on, the reaction will be out of all proportion to the actual monetary value of the decision, and you won't get back in WAMUQ cheap.

tick-tock