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 Chinese fertilizer company China Green Agriculture
So what: The only new "news" out today is a press release from the company stating that "its policy is not to comment on unusual market activity or rumors." This follows a 12% drubbing that the stock took yesterday. Perhaps investors were hoping that the company would fire back after the drop with something to bolster investor confidence. If that was the case, the company's note was sorely disappointing.
Now what: Potentially more irksome for the stock was the fact that investors' primary bugaboo -- the fraud accusations against the company -- were dragged back into the fore today as multiple pundits questioned why Chinese microcap Kingtone Wirelessinfo
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