Mr Cooper Group Inc (COOP)

[Chiron]

Again, while the EC formed, it is not 'set in stone' until the WMI objection is denied. The big players, and even most retail are not going to buy into Commons en masse until the EC is a rock solid, done deal. Even then it may take SJ on the 4 billion, and receipt of the NOL refund to really see an abundance of confidence in Commons by the masses.

My bet is that is what The Street is waiting for; this denial or the dissolution (unlikely) of the EC to start pumping again or trashing again. The next step is to read the EC statement on Weil's objection due 1/21. From there, we wait Walrath's decision on the EC. If I am a whale, why would I put big money into this until I hear it from the judge and there is nothing Weil can do about the EC?