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.