Mr Cooper Group Inc (COOP): Heading to zero very quickly now. Tod...

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radiumsoup

Re: rockie101 post# 364319

Wednesday, 02/22/2012 11:46:07 AM

Wednesday, February 22, 2012 11:46:07 AM

Heading to zero very quickly now.

Today is the last day to buy via E*Trade (assuming they haven't changed their deadline) and still have them settle in time to send in releases on the 27th.

As more brokers' deadlines pass, these shares will become worthless to buy, as new buyers must wait for shares to settle before they can be blocked, so the pool of buyers will get much smaller (in large blocks) as the clients of each broker realize they can no longer buy and still grant releases before their broker sends the final Master Ballot with releases noted.

Buyers will evaporate, and sellers will realize they've been left holding worthless paper, and unload at whatever they can sucker people into paying.

I have a social disorder (although it's not quite full blown Asperger's), and can come across differently than intended...if you're offended by something I've said, I probably didn't mean it with such animosity - please take it with a grain of salt. :)