Replies to post #114818 on Mr Cooper Group Inc (COOP)

[21Reggie33]

correct! There are those here who believe that MM's dont control a sub $1.00 stock and that supply/demand are the main PPS determinants. HOGWASH! MM's have way more influence over these kinds of stocks than most give them credit for. MM's can single-handedly kill stocks and I have seen that happen. WAMUQ will be the Phoenix that rises from the ashes. Once the MM's lose their reigns on this stock, there is no telling what can happen!

[SamuraiProgrammer]

Godfather is right about running the stops. I see this in the commodities markets all of the time.

If you don't believe that the big players manipulate price to encourage others to 'do the wrong thing' and help the big players accumulate or distribute a big position, you should research DOW theory and pay particular attention to the Head and Shoulders pattern.

Big Players drive it up until everyone wants on board. The price goes up. Everyone wants the stock and the Big Players have not accumulated as much as they want. This is the first high

Big Players sell to the Public who craves the stock. The price goes down about half of the first move. This is the first low.

Now the Public who are losing money are ready to sell. The Big Players buy it from them and keep buying until the price goes back to the first high and about that far beyond it. Again, everyone wants the stock and it is hard to find buyers. This is the second high.

Now the Big Players start to distribute (i.e. divest themselves of the stock). As they sell, the price goes down. They own so much of it that they cannot sell it all without crashing the price too low to make a profit. So about the time the price goes down to the first low, they start buying again to stem the tide. This is the second low.

Finally when the price rises to the level of the first high, the Big Players sell the rest of their stock.

The end result, if timed properly, is a bump in the otherwise stable price of a stock. This 'bump' is noted by a peak, a higher peak, and a peak about the size of the first one. Thus the head and shoulders.

These people play with the rest of us. Knowing that makes you try to go along with them rather than against them.

This is the foundation of contrarian trading strategies. When the public 'knows' something, watch out. The big players are messing with you.

I agree that many shorts seem to be covering. I don't know this... I just suspect it. However, at the next report (barring a settlement or decision by the courts) I would expect that there are still many shorts still out. Perhaps as much as 30M.

Good Luck To Us All