Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: China Green Agriculture (NYSE: CGA ) shares fell 10% in trading today.
So what: This follows a similar drop yesterday after there was a lawsuit filed against the company and allegations of securities fraud appeared. The stock hit a fresh 52-week low in trading this morning and has bounced slightly since then.
Now what: We warned yesterday that the lawsuit and allegations of securities fraud spelled trouble with a capital T. Traders agreed to push shares lower from the start this morning. I see no reason to own this stock with a cloud hanging over it right now.
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