Mr Cooper Group Inc (COOP)

[sf]

i think the initial huge swing will be with pref. i got out of 1/2 my position in commons and bought pref at 35. when it does another run up i will sell 1/2 of that pref position and buy back in commons. since the pref are so thin they will definitely be the the ones to watch. the commons are so diluted with "air shares" i think it will just stay diluted till payout. they certainly dont want a change in cusip...thats why i think they will just continue to dilute until payout so they wont have to cover in the end. the last time the run up happened pref were at 80 and up to 130/shr. sure is alot more money to be made in pref at 35 up to 130 than .18 up to .70. and all the engineered dips in between. im all for the spike! and pref are that. unless your count on commons are in the 100,000's to millions i would at least put 1/2 in pref and then 1/2 in commons then play them off each other. they never seem to run together always seems to run opposite days. that way the other half you still have to trade is free to sell on the big dips and flips and your never out of the move or waiting on settlement of monies for trading. hope this helps! sf