Mr Cooper Group Inc (COOP)

[jpm_sux]

I think the only people who are having problems are those who expect a quick return on their investment.

These are also the ones who are easily scared away by some of the troll postings that state that commons will receive nothing.

I think that the bulk of us have been in this for some time and a) know what we should expect, and b) are prepared to sit it out and wait for a resolution.

Anyone expecting a resolution tomorrow, or next Friday, or next month needs to re-evaluate whether or not this is the right investment.

I have been entrenched in this for some time. My wife used to work for Providian and received a considerable amount of shares through her ESSP. I still kick myself for not selling them before the bad press when they were still worth six digits. In any event, I still hold that equity that was converted to WAMU stock during the acquisition.

Since then, based on what I know about this situation, I have been adding shares to my 401(k) account based on my belief that this will play out in equity's favor (and maybe even more so if fraudulent conveyence is determined). I have made a modest investment, one which I will not regret if this thing goes south, but one which will reward me handsomely if we end up getting true equity plus damages. Even if we get equity or half equity then I will still see a tremendous return on my investment.

My advice to anyone who holds a position in WAMUQ is to consider it a long term investment. Courts move slowly. Anyone expecting an immediate return should look elsewhere.