Replies to post #112086 on Mr Cooper Group Inc fka COOP

[plastipunk]

I agree Chiron.

But kels said:

"when the FDIC attorney took the floor that was the call for today's price movement northward."

[The Godfather]

Since the FDIC lawyer's threat is nothing but hot air now(hope everyone else is convinced of that), THJMW might give the judgement sooner based on her past record.. Well, the ingredients for some good appreciation in the pps tomorrow IMO. The FDIC threat is baseless at this point in time. Its all in THJMW's 'court'(pun intended) now.

[kelseyf]

Exactly, and for a number of short term (day traders) traders the signal to sell or from my perspective an opportunity to trade another turn position as a means to build up an overall position in WAMU.

If these games are going to be played by JMP and the FDIC causing this day to day emotional trading up and downs of WAMU, then why not try to capture these moves as a means to either increase one's position or put a few more $$$ in one's pocket?

IMO this type of trading is all based on one's tolerance

Kels