Long Position on HLSS @ $18.55 on 11/14/2012 (Momentum)

Home Loan Servicing Solutions (HLSS) is a development-stage company.

The Company is formed to acquire mortgage servicing assets, primarily subprime and Alt-A mortgage servicing rights and associated servicing advances.

The Company will engage residential mortgage loan servicers to service the pools of mortgage loans underlying the mortgage servicing rights. The Company acquire and therefore do not intend to develop its own mortgage servicing platform. 

The Company is focused to enter into the subservicing agreement to provide for the servicing of the initial mortgage servicing rights for an initial term of seven years. As of December 31, 2010, The Company had neither purchased nor contracted to purchase any mortgage servicing assets, including mortgage servicing rights and related servicing advances.

Shares are heading higher in an upward trading channel. Presently, prices are sitting at the lower boundary of the said channel. Prices are expected to rise from present level.

52-Week Trading Range:  $12.80 - $20.24

Last Trade: $18.55

Stop Loss:  $17.62

Target Price:  $20.41

Updates

12/18/2012 10:25:34 AM

HLSS sells 22 million shares. We closed the postion at $19.00

Position closed on 12/18/2012 at price of $19.00 with a 2.43% gain in 34 days.

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