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: Shares of processor technology developer MIPS Technologies
So what: MIPS got a very positive mention in Jim Cramer's Mad Money show last night, likening the stock to an "Internet tsunami." That's enough to ignite a firestorm of interest in this lightly traded stock on an otherwise news-less Thursday.
Now what: The Cramer Effect may not be a great reason to buy a stock, and his reasoning might be off -- MIPS is stronger in new media technologies than in Internet communications, for example. Still, we're talking about a solid business that may soon challenge reigning king ARM Holdings
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