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 solar power expert JinkoSolar
So what: Jinko is having a quiet news day, but other Chinese solar stocks have some good stuff to share. Analyst firm Brigantine started coverage of Trina Solar
Now what: Brigantine expects end-product prices to firm up in the second half of the year while some raw materials should get significantly cheaper, so the industrywide bounce seems to make sense. However, one analyst report that doesn't even analyze your company directly really shouldn't have this kind of market-moving power. As a long-term investor, I'd rather wait awhile so I can take action on the next absurd drop instead, saddling up for a rough but potentially profitable long-haul ride. Solar power is intriguing, but you can get whiplash from following these poorly motivated chart swings.
Interested in more info on JinkoSolar? Add it to your watchlist.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. 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 is investors writing for investors.