"Shares of WaMu dropped 26.7%, or 73 cents, to close at $2.00 on Monday.
The thrift has lost more than $30 from its stock price in the last month. The drop came after a sharp spike on Friday when investors looked to JPMorgan Chase
to be the savior of the thrift. As of Monday evening though, no suitor has emerged and many investors wondered if talks were even under way.
JPMorgan would be a logical buyer because it expressed interest earlier in the year when it offered to buy Washington Mutual for $8.00 per share. That was a discount to the $8.75 it traded for then, but a handsome premium to the current price. "