Mr Cooper Group Inc fka COOP

[BullNBear52]

I agree with pretty much everything you say. At the end of the day the commons will get wiped out and the preferreds are not in much better shape.

Too many people chasing too few dollars with no support from WMI.

Even the EC's lawyer was MIA on Friday even though everyone knew a deal was being negotiated.

Where I disagree is suggesting that this might be worth a play. Both commons and preferreds dropped today.

This is not a play for novice investors. The serious cash came off the table last week. Anybody who buys back in now is betting against the house.