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 Harbin Electric
So what: Harbin has seen some wild swings over the past few months and I chalk this up as another wild move.
Now what: Why should you care what Global Hunter Securities thinks? The short answer is, you shouldn't. As one of only a few analysts to follow the company, any news from GHS can move the stock, but we've seen these moves fail to stick with Harbin before. If you're looking to sell, this is a perfect time to exit this volatile stock, but I don't see today as a reason to materially change your investment thesis.
Interested in more info on Harbin Electric? Add it to your watchlist.
