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 JinkoSolar
So what: Goldman Sachs
Now what: It seems like every day a new analyst downgrades a solar stock because of uncertain outlook for 2011. Today's news is really nothing new and just shows how the market reacts when big, bad Goldman gives a poor rating to a stock. If you believe in solar's future, this is a perfect buying opportunity, as the market will eventually run out of downward catalysts. The heavy short interest in JinkoSolar makes me think we'll see a bounce in the opposite direction one of these days.
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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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