Replies to post #578369 on Mr Cooper Group Inc (COOP)

[lodas]

dmceng...I got a little dry powder left too, but not gonna pull the buy trigger until I see the "whites of their eyes"....If in fact, those short numbers have not decreased so close to this court hearing on July 2, the MM will launch a vicious rally to settle their positions...however, this small rally from the mid 6 dollar range might just be geared to let anxious and scared longs get out, or set stops at the higher level...my gut sense tells me the MM created a small rally to take out stops at the higher levels from the recent lows...in any event, watch the trading action going into the 6/30 period.. that will be a clue that the shorts are settling into some positive news from the court...if there is no rally forthcoming, then I am afraid that July2 court hearing will be a bust, and the MM will have the opportunity for more time to close short positions into the earnings report coming up shortly...could be the earnings will show a write down of mark to market assets if the Fed lowers or holds the interest rate steady...any decrease in interest rates will affect coops portfolio of mortgage servicing, as people will refinance their home mortgages to a lower interest...so..... watch out, and don't pull the trigger too soon to buy, until we see a meaningful rise in coop stock with huge volume..... IMO......Lodas