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 Chinese real estate portal and home improvement e-tailer SouFun (SYNE: SFUN) opened today's trading 18.8% above Wednesday's closing price, then swiftly retreated to a modest 4% gain -- all on a couple of big volume spikes.
So what: The just-reported second quarter came in strong with revenue doubling year over year and earnings growing more than fivefold. Analyst estimates weren't even close.
Now what: Before declaring SouFun the next Baidu.com
Interested in more info on SouFun? Add it to your watchlist.