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: Thompson Creek Metals
So What: A new ETF called Market Vectors Rare Earth/Strategic Metals
Now What: ETF launches can cause some crazy moves given the creation unit structure to buy and sell blocks of shares. That combined with China's rare earth metals restrictions have created high demand for companies with exposure to such metals. But without any news from the company I'm inclined to pass on this jump and look for a pullback next week.
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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