Replies to post #485355 on Mr Cooper Group Inc (COOP)

[ItsMyOption]

When buying you need to watch level 2 and watch what the bid and ask is.

In my case bid 1.10 ask was 1.15, I place the trade when I see orders getting filed in between at 1.12 works almost every time. Some time those MM will break my order up and get part in between bid & ask and rest at ask but it is worth the time to watch level2 trades.

IMO, short term any trades below 1.75 is great as that is negotiated conversion price KKR would convert preferred to common on qualifying acquisition - which I expect before year end.

qualifying acquisition as defined can also be WMIH acquiring assets from the old estate. AND THAT IS WHAT IMO WILL TAKE PLACE.