Replies to post #116944 on Mr Cooper Group Inc fka COOP

[up and up]

Diamond,is it logical to think that jpm is
having several sources buy as much of this
stock as possible to hold untill this deal
is over.? Then sell their stock that they
were holding to recoup some of the settlement
back?

[JohnnyWinter]

So you claim that JPM is short and they won't have to cover if and when they settle.

So let's pretend that JPM is the one that naked shorted 1 billion shares. That means that there are people who bought all of these shares that are not actually in their possession since they were naked shorts, aka FTDs. So that means that there are tons of FTDs out there, and if what you claim is true, which I don't feel it is, that JPM doesn't have to cover, then that would mean that those people holding the NS shares will be out of luck.

If they don't have to cover the shares they shorted (shares that people on this board and elsewhere bought), then that means those holding those "shares" will not get paid if and when they settle, as those shares are not even real, and hence won't get paid.

Maybe you can clarify your position.