OCN - OCWEN FINANCIAL and NSM - Nationstar Mortgage tend to lead/lag with each other and this time OCN reported earnings first and has plunged. NSM reports soon and could follow the fate of OCN and head south to catch down to the drop in OCN.
NSM - 29.96 last OCN - 26.82 last
Tim 2:20PM EST Monday, 8/4/2014
Comments
IvanLabrie
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Insane bulls eye...had missed it before.
timwest
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Looks like NSM is still a short sale...
timwest
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I don't know about "insane" - NSM has been choppy to lower. OCN has been collapsing.
IvanLabrie
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Yes, choppy, but still down 35%.
timwest
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(NSM - the former symbol for "National Semiconductor", in case anyone else remembers.