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 SouFun Holdings
So what: The news wires are quiet, and the company hasn't filed anything with the Securities and Exchange Commission since May, but the stock started falling as trading picked up today. Volume isn't outrageous at 1.5 times the three-month average, but around noon ET, volume picked up and shares started sinking.
Now what: Traders may have gotten a hold of this stock today, but it doesn't look like a move driven by fundamentals. I'd be cautious of this move, because some sort of information may have leaked into the wrong hands. Plus, I'm always wary of any wild move in a Chinese small cap.
Interested in more info on SouFun? Add it to your watchlist.
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. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.