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 liquefied natural gas (LNG) company Cheniere Energy (AMEX: LNG) sank as low as 11% in intraday trading Wednesday on extraordinarily high volume.

So what: At the time of publication, 4.5 million shares of Cheniere have already changed hands, versus its average volume of roughly 3 million shares. It's tough to pinpoint exactly what's driving today's heavy selloff, but when you consider the stock's mammoth 220% run-up over the past six months, one-day double-digit corrections shouldn't come as a huge surprise.

Now what: Investors should keep today's move in proper perspective. Without any news from the company, I'm chalking the share price plunge up to the normal short-term craziness associated with speculative stocks such as Cheniere. Of course, given its negative earnings, high debt load, and red-hot stock price, Cheniere isn't exactly the most prudent long-term investment, either.

Interested in more info on Cheniere? Add it to your watchlist.

Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Try any of our Foolish newsletter services free for 30 days.

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