Replies to post #240817 on Mr Cooper Group Inc fka COOP

[bobl17211]

Good to see you again, William48! Enjoy reading your posts on the Hub..........Go Wamu!!

[wamuvoodoo]

william so also explain to the board that the best thing to do on this day or couple days prior ,is not to even turn your computer on ....don't even check the coards or the price,,this price ,as of now is a mirage anyhow.means nothing

[longhaulq]

Nice post William- question. How can the DS be approved, (basically dropping the bottom out before the examiner report)-and then we settle on or around Nov1? If the DS is approved, isnt that the end of it-

[rstefan]

GM-william48 I really like reading your posts.
I to also believe that is going to happen the way you explained it.
I'm going to save some money for that day, to get some cheapies.

GLTA
Bob

[Getn otta det]

Nice post William48,,So to really play this out,,

I think that shorting Jpig a day or two prior to Nov.1 and being long all classes WAMU may be the ultimate play,,,any thoughts. jimmy

[Civil War General]

Halloween Surprise

When the price bottoms out on Friday Oct 29th, JPMC and each individual in their crony crew (who are already on the WAMU BOD) will buy as much WAMU stock as they can to try and take controlling interest of WMI so that any shareholder meeting will be moot. This will be part of their plan IMHO

[DPincus]

Wm: Excellent post! I can see this playing out in October in a very similar crescendo/denoument as you describe.

I wonder if I have the balls to do what I wish I'd done in back in March -- flip at the crescendo, and buy back in at the denoument ...???

Dion

[gophilipgo]

I'm not sure I concur with your thoughts, but I do applaud you for keeping us all in check. If something of this nature does happen, I hope investors will have the good sense to remove all stop losses, and your post should serve well as a warning to all of us!

[Bluzie2]

No October surpise.

The court will not approve the POR without the examiner's report. There is absolutely no way, despite the semtiments of those on this board that the court is weak. Simply put, the court must have sufficient information regarding Wamu's assets and liabilities to approve a POR. By cutting the examiner loose, the court has admitted that it has not gotten sufficient information in that regard. It then can't act without waiting for the examiner to report - if it did, it would be a slam-dunk to overturn.

[johcol]

"We’re still two long weeks away from an Examiner’s report (one that evidently – and very annoyingly - will be drafted without having needed to obtain critical documents or testimony by way of subpoena (not even from the FDIC for goodness sake!!!)). " I have been wondering about this...cant believe these guys are just rolling over playing dead...maybe they had enough people come forward with enough info that they didnt need the subpoenas...thoughts anyone and thanks.

[fsshon]

Nice Post William. As we have seen in the past, the MM's manipulation of these stocks is absolutely unreal. The goal of all WAMU'ers is too lock in some profits, then ride the bull into settlement.

Refer back to my theory..

If Susman has inked a deal for equity, then THJMW will not approve the DS in any form until she has read the examiner report with the potential assets list. She would not have wasted estate money and resources, if she was not aware that the indiscretions, miscommunicationa and "lack of cooperation" were not prevelant in this case. She can not approve the Ds on Oct 22nd, she may take it into consideration and delay the decision until the Nov 11th hearing. The debtors are being run by the WMB Bondholders, as evidenced by n ew numbers in POR. Rosen is not working for JPM, he is working for the WMB Bondholders who seem to have a plan with JPM.

MM's are going to play this one like a fiddle, they will bend the strings to make an evil sound, our job is to know when that is happening. If they try a March 12th run down again, we can not do anything but watch, wait and buy buy buy.

Look for the DS to be on the Oct 22nd hearing agenda and then pulled right before we go into court.. HEADFAKE!

Watch the Preferreds for confirmation. Confirmation in a "Run UP" is currnently in play..

If there is a deal, it will be annouuced before the public release of the report... I stand by my theory...

Thanks

~Don~

[xoom]

William48
Kudos to you for calling this out ALMOST perfectly..
Please feel free to add your thoughts on today's hearing

TIA
GLTA

[hestheman]

Hope this scenario plays out....

[xoom]

Hail William48 lol

I have been stuck on this post of yours for a while....

JMHO
GLTA

[MONICALAW]

Hmmmmmmmmm HUNTING,,,,But True

[MONICALAW]

William 48, Do you remember your post here????? now what has changed????? Are you for REAL????