Replies to post #239668 on Mr Cooper Group Inc (COOP)

[Polemarchos_Megas]

billions dont disapear. They only thing that has evaporated are WMI POR's. Same will happen to Version 6.

If you had ever listened to the hearing audios or read docs besides WMI's propagande ministy productions you would know sth is up.

[gyspsy]

disagree.
True, the shorts don't have to cover ever it the PPS goes to "0" and I believe you are banking on this happening, hence your slanted view.

However setting a high GTC order in a cash account will force the shorts to cover. Unfortunately in a margin account, the SEC has looked the other way so far.

GLTY!

[Lawrence 147]

Well Johnny;

Watch there are roughly 40+ million short, they will not be able to cover at this level of trading, and the volume is just way too low. For any true covering to be accomplished they will need to be trading in the 20 million+ range and at that they will need several days. The only down side to setting a ridiculously high Ask is that your shares may not sell while they cover. This is where the amount of your nerve comes in to play, remember you can always modify or cancel and resubmit your ASK and sell at any time.
The benefit to setting a ridiculously high ASK is that when they do cover they need to cover with the lowest price shares available. Those that sell early will be leaving money on the table, those that haven’t sold have shares of a greater value. Those that buy into the run could be left holding a bag.