Replies to post #112545 on Mr Cooper Group Inc (COOP)

[Qwertyman]

could this be some big dog unloading?


GLTA

[humpback]

It must be JPM and the FDIC. Those dogs.

[Golfteaser1]

I say walk down.

[martinib]

Not a bad news. Just no news on high expectations. A lot of investors were "IN" for quick profits (couple of weeks) and since the day WAMU has filed extension until Jan. 19th 2010 for Chapter 11 plan and with Judge Walrath taking her time with her decision it is pretty much 90-day period when these investors don't want to wait. So they get out, give shorts some time to make some profits and then (probably around December) we will see September spikes again. IMO
As it was published in one post earlier:

- big vol. and sell off is also indicative of higher than logical expectations and misplaced understanding what occurs after oral arguments on such an impt. SJ Motion. Maybe a week from now or so court should be ready to rule