No NET buyers---price is over or close to the estimated level.($92-102)
Only "short cover" buyers fighting with profit talking seller.
So expected $4-$6 correction tomorrow
There are too much talks, EGRX, AGIO, ....you name it
GS gave a few, so why CLVE? Today's move is just a short squeeze.
Is this means:
1. OCN is functioning in the foreclosure business, especially in NY state?
2. NY loosing the ruling set by last Dec?
3. OCN may back to MRS soon?
4. Here mentioned FL, NY , what is about CA? Maybe soon?
5. Is it a signs that OCN will soon recover some business, I.e. regain license from CA?
Sentiment: Strong Buy
I like the management team. They publish the new advances of the company, so we are not in the cloud. I wish they can disclose the name of the one of TOP 10 US banks. So maybe a 2nd or 3rd TOP banks will come and join it. Also, if the can publish the size of the deal or the contents of the co-operation in details with the 1st bank, that will push the stock soar.