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 India-based online services seller Sify Technologies
So what: Sify just reported fourth-quarter results, with a 20% smaller full-year loss compared to 2010, on 2.6% higher sales. It's hard to say whether this was a disappointment; management doesn't play the guidance game, and I can't find evidence of a single analyst following this stock.
Now what: However, the market action speaks volumes, as millions of Sify shares shift to liquidate profits. That's the second massive price plunge in as many days for Sify, though that weakness is more than balanced by the stock doubling in the 30 days before this streak started. As always, you can count on Rediff.com
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