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: Emergency Medical Services (NYSE: EMS) shares jumped 18% today after the company announced it was reviewing strategic alternatives.

So what: After posting third-quarter earnings per share that increased 24.7% last quarter, the company is looking for more value to squeeze out of the company. No word yet on what "strategic alternatives" means, and there is also no timetable for the review.

Now what: This news release is getting an awful lot of reaction for not saying much of anything other than business as usual. There were no details of any sort, and considering the company is performing well, I have to wonder what it is going to change. I am going to stay away from today's move thinking the market will realize there was really nothing fundamental to trade on today.

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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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