Replies to post #155251 on Mr Cooper Group Inc (COOP)

[daulton]

Did they allow any premarket sells to go thru?

[andy e]

I was asking myself the same question....

Does it appear to the powers that be...that we will not be seeing settlement news this weekend??

I'm no expert but, it always seems I see a stock start running before the "good news" is released...??

[utvolsfan13]

Check out the daily chart. It's pretty easy to draw a trading channel in there. Perhaps we're just going back down to test the bottom of the channel. I know you don't want to hear MM Manipulation but that is exactly what it is when they open it a cent below the close on buying volume. They know that they control the BidXAsk so why not shake out as many day traders as they can before we continue up? That's why the trading channel even exists.

[mehedi]

well I dont know how people see this but I looked at FF last night before going to bed and watched it for an hour, saw that the Volume was up and "retreat" and waited till it came back up so I figured the same thing was to happen here...lower the bid and ask.
went to sleep knowing the drop to .26 and then the pull back if that makes any sense...so three cents drop similar to FF

[MasterBlastr]

Probably seeing a little arbitrage between the U.S. and Frankfurt. What we are seeing here (for the last couple of days only) is European influence similar to what we had last September, and sopisticated group(s) of traders with deep pockets who are playing the chart and momentum. MM's will fill orders and carry out this activity but have only a small hand in generating it themselves.

[up and up]

PERCEPTION SELLS

[islandcat]

You're just venting right?

[fsshon]

Yep. Went over to xtremepicks and put in my original bid of .264 as soon as I figured out what the MM's did before market opening.

~Fish~

[rickszy]

Fish. IMO, the MM’s opened trading a penny down from last night in anticipation of the day-traders inevitable mass exit. They knew the DT’s were going to bale today (they do not like holding over a weekend) so opening trading a penny down had its immediate shake effect and they sold off dropping the price 2 cents (.26) within twenty minutes!

The remainder of the day should be interesting to say the least and will tell us who truly wants to be in this for the weekend! … rs

[SlyOne]

Here goes nothing-Classic Mo trades vs Reversal trades.

1)Baskets
2)Fresh Money

1)Baskets
Alot of stocks are put into baskets and traded as basket instead of on their own fundamentals. Ystr, AIG, Lehman, Wamu traded up huge vs market direction. Today, that triplet is trading in parallel and down. Thats what I see. Within this group you could add FRE and FNM. The list goes on....

IMO: The Q's ran up hard. The metrics you cited worked. Looked higher today from ystr metrics. But today, trades that were not completed ystr were completed at the opening. AIG knocked down the basket value at open.

Then: Fresh money came. Saw big move ystr, bet against it. Ystr trader vs holders sold off winners. We have down day. What is alway difficult to size up is "FRESH MONEY TRADERS." Dont try. They are silent and move as a group.