Replies to post #155137 on Mr Cooper Group Inc (COOP)

[tra-der]

What makes you so "sure"?

I think those lost the boat yesterday during the big sells before trading time was over. IMO daytraders but I could be wrong.

[SlyOne]

Some shorts wont cover at any price. They dont care about fundamentals. They arb it. The P's are convertible.


Read:
http://en.wikipedia.org/wiki/Convertible_arbitrage