ARMOUR Residential REIT Inc (ARR)

[fanglemeister]

"Armour Residential, a REIT, saw its shares dive on close to four times normal volume. While the market was down strongly Monday, Armour still far underperformed its peers to the downside. The explanation for why appears to be that investors confused the ticker for Armour Residential -- ARR -- with the ticker symbol for American Airlines' (AMR) preferred shares. The American Airlines preferred shares trade under ticker (AAR). Benzinga reported that the spike lower in Armour Residential's shares had been caused by investors seeking to flee American Airlines as all sorts of negative rumors swirled around that company Monday.

LOL, dumasses can't even read a ticker symbol! True it sucks for those who got bumped out on their own automatic trailing stop orders.