Mr Cooper Group Inc (COOP)

[marayatano]

Fishy may not be the right word or may be it is, depending on how you look at it.

The fact that there are large trades like this just indicates to me that these trades are not retail traders that is all. No retail has approx. $250,000 to trade each lot that were 300,000 / 350,000 shares.

If someone was selling, this thing would have tanked.

So, to me, I do believe that are sellers, but there are also buyers who can consume these large trades.


Seller = claims that were subordinated to equity.
Buyers = Headgies or new players.

The float is 75% institutional/Hedgies, etc.

Approx. 25% of the float is retail BUT not all of the 25% is trading. Some of that 8.xx% 25% is locked up/reserved for DIMEq holders.
Some more to of that 25% is reserved (not fulled distributed to TPS/P/K/OLD Commons) for some more claims that have not be subordinated to equity. So there is still a reserve of WMIH that has not been distributed yet.

So take out out of 25% minus the 8.xx% and X%, what is left is really a tight float.

Back to work, boss is here.

imo