Mr Cooper Group Inc (COOP)

[Boris the Spider]

Why the MMs are holding this down:
I've been wondering why this is being so carefully manipulated, and I think it's becoming clear why. The MMs are being instructed to keep this below $5 so the big funds can't buy in, yet. Reason is they (the board and hedgies that control them, as well as for their own benefits as well as their friends') want this to stay below $5 so the big funds can't buy in at a low price (their fund guidelines prohibit buying stocks under $5). Then after the big deal is announced post 3/19 and the large gap up occurs well above 5, they let it go as the mutual funds then pile in to buy up shares, driving it up even further, thus essentially getting two large gap ups instead of one. Very brilliant strategy when you think about it.
Based on this theory, I see a major breakout whenever the first deal is announced with KKR and Blackstone driving. Volume will be huge and the big funds will buy en mass, making the share price go through the roof. When this will happen, we don't know. But considering March and Apr are two of the best market months and they want good market momentum when the big deal is announced, I'd say the boys will announce it soon after the magic 3/19 date.
IMHO. The longs are finally about to be rewarded after 6 years of agony.