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 Vantage Drilling
So what: Shares have been rocketing higher on a bunch of good news recently, and it looks like the rally is just running out of steam. Yesterday, the company even released news of a drilling contract in Southeast Asia worth $77.9 million, so it doesn't look like time to panic.
Now what: I really don't see anything but positive news coming out of Vantage lately, so this could just be the pullback I was waiting for when shares bounced on Monday. Director Su Hsin-Chi has even been buying millions of shares, showing support for the company from insiders. A pullback like this is pretty normal after the run Vantage has been on and could be viewed as a buying opportunity for investors looking to jump in.
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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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