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 electric motors manufacturer Harbin Electric
So what: It's downright strange to see Harbin jumping on a day of widespread Chinese bloodshed in the market, but that's what happened today. The stock dropped as much as 10% right before yesterday's closing bell as The Wall Street Journal posted a story about possible Chinese accounting frauds, which makes a lack of finger-pointing today seem like a downright stamp of approval.
Now what: Like Longtop Financial and Sino Clean Energy
Interested in more information about Harbin Electric? Add it to My 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.