Mr Cooper Group Inc (COOP)

[gophilipgo]

Large, I don't think many long WAMUQ investors out there believe there are only 40 million shares short. But I would venture to say many of us believe it is less than the billion+ that is sometimes quoted here and on other boards. (Pre-bankruptcy is a different story.)

Why on earth would anyone holding a large NSS position here continue to hold it for 3+ years? That's just not logical for many, many reasons, the most important being that these investors aren't going to let their money sit around that long when they can make far more elsewhere by cashing out at an already handsome profit instead of holding for an additional few percent, which is not even guaranteed. Most of them cashed out within weeks after the bankruptcy, imo. The volume was there to do so. (For example, over 2 billion shares traded on one trading day - October 3, 2008.)

Anyway, this has been argued it to death, so I guess we'll just have to agree to disagree.