I Used trade back in late mid 2000s. I will tell you that trading has become exponentially harder these days because 90% of the trades are controlled by computer algorithms. They trade faster and much smaller lots not to mention all ghost trades.
Trading is like you are playing a chess with computers.
NSM is trading at 2X book.
OCN ought to be at 1.5X book if discount some of regulatory issues that puts OCN at 18
There was a time when a major bank acquiring significant stake in the company would move the stock 20% in one day.
No more. Todays trading is controlled by computers. The program trading is designed to keep trading fake shares to keep price in check so that big boys can accumulate at the expense of traders.
Retail investor has no place in the market.
They always find one reason or other to screw retail and moron hedge funds.
I bet their cronies are accumulating now
Are these the MSR that being talked about?
Also anyone knowledgeable know how much proceeds these will bring with say average $12.5 billion per month?
They should be allowed to sell only when they terminate their employment.
Agree. I think that was the trigger for the latest slide.
Looking at their salaries and their stock holdings it was greedy and unfair to shareholders.
Although I have tremendous respect for Desh as a scientist, he and other insiders are not setting good example by recent selling.
ACHN was at a breakout point when these insiders decided to sell and that just killed the momentum. The recent news flow just added fuel to the fire.
These executives are paid large sums of cash as salary. Its not like they are holding huge amount of stock either that they need to diversify.