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 Oclaro
So what: The move appears to have been precipitated by less-than-optimistic fourth-quarter projections offered by Infinera's
Now what: If you're a long-term investor, you could argue that all three of these drops are buying opportunities. In Oclaro's case, the stock is priced at a discount to the 20% annual growth analysts expect the company to achieve over the next five years.
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Fool contributor Tim Beyers is a member of the Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Twitter as @milehighfool. You can also get his insights delivered directly to your RSS reader. The Motley Fool owns shares of Infinera and is also on Twitter as @TheMotleyFool. Its disclosure policy is at least 10% better than other disclosure policies.