Replies to post #396453 on Mr Cooper Group Inc (COOP)

[fsshon]

Actually if you were paying attention when the big long red candlestick formed, it was a very manipulated drop. They moved it down on 100 sells. It was very very controlled, I watched because I was thinking of buying some more shares at $3.40. I tried at $3, but they went right past me to $3.20.. Gonna have to use Market next time.

Now, if you have been paying attention to the news and what is going on, you can see as of March 20, the IRS 382 (see sticky) restriction comes off. This opens the door for WMIH to issue stock in an LBO for the company they are wanting to grab. As for the share price, it is what is, and I have a sinking feeling they are leveling it out for the news. Some "people in the know" moved it down to coincide with the dilution that has to happen for a buyout/acquisition. As you can see WMIH has a nice future and once the news is disseminated, the activity will increase, along with the share price.

One thing we have learned about WMI (stocks) is that the charts will not help you... But, you are right ... RSI does not lie...

Semms to be a leveling out, instead of a trend reversal. They took it "very fast" to where they wanted it... Crazy Shiat on this one. I hate the OTCBB, but it is what it is... We have got to get this Shell off this exchange. Notice how steady this is now, with very little volume.. Your red candle stick occurred after 1.3M shares had traded. It took 40K in sells vs buys to get it to $3 PPS and 50K to get back to $3.20.. Weird HUH!

Something tells me (and I am not hyping) they are controlling it to "keep it off the radar" and get the retailers to sell SUM shares. (sum was done on purpose, I know the difference between sum/some).

[b]Considering you showed up on the controlled drop day and trying to educate longs on trend reversals. drops it might go below $3 etc.. Makes my eye raise on you.. As I used to say : My nose is itching. ""Longs should be wary of posts that are so negative, they are psychologically designed to get you to sell. Danger Lurking !!!