Mr Cooper Group Inc (COOP)

[Myadad]

Just a couple of comments regarding charts. I think they are useful for traders trying to move in and out of stocks. They have some limited value for investors trying to decide on a buy or sell point but only if you also factor in some other information like company reports etc. They are completely useless in a bankruptcy situation if your eventual payoff is determined by negotiations. If the negotiations are behind closed doors, they are not going to show up on the charts. If you are day trading this stock, maybe the charts can help you. If you are holding for a settlement, the charts won't give you a heads up to buy or sell.

Second point. I see certain people stubbornly clinging to the belief that commons are the superior investment and they refuse to believe that things have changed over the last 3 years due to rulings from JMW. As the case has evolved, experienced investor's have changed their outlook to take into account the new conditions. I sold H's when news came out that limited their return. People can choose to follow the advice of folks like Catz who clearly spells out (with facts to back up his assertions) why buying preferreds makes sense for at least a portion of what you have invested in WAMU, or they can follow the advice of someone who just keeps spouting the same old mantra of "Willingham has commons so that is all I am buying" (offering no reasons or proof for their irrational beliefs).

One more thing. I have actually met Catz and found him to be very bright and sincere. He is telling it like he sees it. No hidden agendas. Everyone should do their own DD but I have no qualms about using his input as legitimate information. :)