Mr Cooper Group Inc (COOP)

[BarnacleBill]

Why The PPS increase Today?

In my opinion of the price increase today, is because of all the people who were forced out to sell in a panic on 4/12/10.
They need to avoid the irs washing machine rule and cause a 30 day wait period. Even with the MM's doing their best to manipulate, in order to recover 200 million shares this will have to hit the
.19 to .23 range, based on past volume movement (people don't sell large block unless they get a profit). This is good for everyone.
People being naturally greedy are going to try to save .0001 if they can, but the sale will just not go through. Remember the main retail stock brokerages either own NITE and others or are in bed with them. My advice (I am not selling anyways) is to bite the bullet and get your shares if you want them. The rise in average price is inevitable with upcoming trial dates and the new quarter second week big buys for mutual fund. They are interested now. (Fidelity 25m we know of for sure). GLTA