Replies to post #94268 on Mr Cooper Group Inc fka COOP

[richboy1]

sept 25 -30 is friday through tuesday....I will be buying more next week....

[jimmyturbine]

I am trusting your call here!
jimmy

[VivaLasVegas]

well without referring to a calendar before, I do apologize,,, so lets just say this...

A WEEK BETWEEN THE DEMISE OF WM... and the Long Term Capital Gains dreamshot for the OLD TIMER SHORTS,,, we should realllllllllllllllllllllllly Boogie NORTH.


Cheers

[rickszy]

Question anyone?

Do we know why WAMUQ surged on Friday afternoon, 8/28, from .106 to .142, peaked at .208 on Monday morning, 08/31, before closing said day at .185?

That period approx 2 weeks ago built us a nice higher support base but why?

We know that we had a few whale buys in that period but were there some large short covering there as well? An inquiring mind wants to know.

If it was simply some large players short covering, Viva’s prediction of >.50 seems easily achievable by the end of this month!

Almost forgot – Go WAMU ….

[Jestiron]

Viva. I am confused and admittedly still learning... The long term capital gains benefits were lost on the run from $0.10 to $0.16 not to mention any PPS increase they would pay for on-the-way to covering which could be sick!!! LOL Whoever is holding these short positions want this down in PPS at the time of covering to maximize their gain. Using "ballpark averages" the capital gains savings would save $0.25 per $1.00 using 35% (pre cap gain) vs. 10% (post cap gain). Any benefit is gone isn't it? They would have been even MORE wise had they covered at $0.07.

Am I missing something about the percentages for Cap Gains as they relate to short covering/naked short covering?

[rattlewatch]

Good stuff, makes sense.