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 low-cost wireless provider Leap Wireless International
So what: Earlier this week, Leap fell because competitor MetroPCS
Now what: There isn't a lot of good news today for Leap investors. The company is trying to attract more profitable smartphone customers, but the transition isn't going quickly. Analysts aren't even expecting a profitable year in 2012. I wouldn't venture anywhere near the buy button on Leap Wireless' shares today.
Interested in more info on Leap Wireless? Add it to your watchlist.