Dime Bancorp Inc (fka DIMEQ)

[jmbell42]

Her arguments are complete sophistry. They seem tantalizingly close to logic, but then fail miserably the moment you peer closer.

It's all smoke and mirrors. I hate this kind of argument, based only on half-truths, and they are, at best, disingenuous as you mentioned already.

I started reading the part about the price action and I started laughing so hard that I wanted to cry! As an equity analyst, if that's indeed what her speciality is (evidently not a very good one), then she should know that price action between two completely different instruments can move in tandem for very different, uneconomic reasons.

I bet you could find bonds from an industrial giant, like, MMM whose value dropped in sync with the WAMU stock. According to her analysis, this suggests that investors "believed" that the debt of MMM was correlated or somehow tied to WAMUQ.

Preposterous lack of logic. All securities reach a correlation of 1.0 during a panic. I think that September 2008 qualified as significant panic. Everyone lost their shirts, even bond investors.

Her arguments are specious and ridiculous.

The best part is the Mr. Market's evaluation of her expert testimony... we shot up by 8% ... well that about sums it up I guess. If that's the best that the debtors can come up with, then they really are in trouble.

Despite my initial revulsion at this terribly written and fatally flawed opinion, I must admit that it's amusing to see them fall flat on their face.

Best,

Jared