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 operator SouFun
So what: For the second month running, SouFun reported lower prices on brand-new homes across China, particularly in higher-priced big cities. The price cuts follow premier Wen Jiabao's comments that the government will keep firm control of housing markets.
Now what: SouFun shares haven't been so fun since going public 13 months ago: The stock trades 38% lower since opening day. It's no Internet bubble, as shown by solid returns for online giants including Baidu
SouFun may become the bounce-back play of the century once this semi-commercial market sorts itself out, but for now it just looks like dead money.
Interested in more info about SouFun? Click here to add it to My Watchlist.