Replies to post #671212 on Mr Cooper Group Inc (COOP)

[baldeagle1]

Thanks JWW! Good info!

[SamuraiProgrammer]

I would be very surprised if the WMI shorts were able to file for 'negative' escrows. In fact, I worried at one time that there would be more filings for escrows than there were issued shares.

Think about it:

A Owns WMI in a margin account
B Borrows shares (they come from A)
B Sells them
C Buys them (Someone has to buy from the short seller) in a margin account
D Borrows shares (they come from C)
D Sells them
E Buys them (same as above) in a margin account
ad infinitum

WMI was shorted into oblivion before even the seizure of the bank and BK was declared.

[PickStocks]

We hit 50, I will definitely look to short this….then again options work well to