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 specialty retailer Charming Shoppes
So what: Yesterday, I postulated that the jump in Charming Shoppes' shares was due to buyout hopes as talk of a deal swirled around companies such as OfficeMax
Now what: Undoubtedly, the gains over the past few days -- which have put the stock up around 25% since last Friday -- are putting smiles on the faces of current owners. But without any news driving the gains, investors may want to temper their excitement. In fact, investors on the sidelines may want to wait until this hot potato cools back down before trying to handle it.
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