Dime Bancorp Inc (fka DIMEQ)

[mrholty]

Exactly, this feels like one of those inefficient market times. Buying before Friday's POR seemed insane to me from a risk/reward standpoint.

Reading through the full POR my take is without us the POR had a good chance of being confirmed. Think about it this way. Investing on Friday at $.65 and let's use MadClowns end point as the scenario.

Last week at $.60 you had to worry about the POR, which was not small and your max upside was 300% and downside was 0. For us invested at that time we felt the odds were better than 4:1.

Today, you can buy at $.80 and the POR concern is gone. Upside is now 200% and I cannot see how this worth $0 anymore. This seems to be an asymetric bet.

I now have to go sell some other holdings as I just talked myself into increasing my position, not to 100% but something more.