Mr Cooper Group Inc (COOP)

[remmy]

I agree with your analysis completely. I listened to the conference call and nothing has changed. It's a standard threat to keep the process moving. Any chance the equity committee will go for $0 rather than the deal offered by the hedgies of $1bil, plus or minus?

And even if they can't agree by the 17th and he resubmits plan 6 giving the commons nothing, he already tried doing that before and the judge rejected it, remember? So if he submits the same plan that was already rejected, what are the odds it will be approved? (Hint: not good.)

This is emotional selling which correlates with the emotional buying that took it to .24. The current equilibrium price is .14 plus or minus .01 in my humble opinion. It's simply being oversold on the downside (panic selling) the same way is was overbought on the upside (euphoric buying). Feel free to follow the herd if you want, but you won't make any money that way.

For those who liked it at .10 on the way up, this is a buying opportunity. I'm all in as of today with my high risk money. This is still a gamble. But I like my odds for all the various reasons discussed at great length on this board over the last month.

If a draft of plan 7 is said to be likely (or actually done) by 6/17, next stop is .36ish.