MacFanBoy

Sirius got shook-down again today during a so-called Russell 3000 rebalancing.

Long Siri + Stop Limit Order = Shakedown

Once you place your loss-prevention order, you are considered a target. They will find a way to buy those shares.

Who is they?  They is the folks that took your shares today .36 ¢ when they closed up the day at .43 ¢ in after hours.

They probably skunked some people under that .36 ¢ via a manufactured arbitrage play made slick and fast via a couple of quick-fingered traders behind their wall of monitors.

How many times has Siri walked Shakedown Street?

A post from nonsequiter over at the Google Financial says it best:

“It’s like having a share tree. in this tree, there are no leaves, only
shares of Sirius stock. People climb up the tree, shake it REAL hard, go
down and pick up the shares that just fell and climb back up the share
tree again.”

Stop getting shook.

Stay Strong, Stay Long.