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 hotel chain operator Home Inns & Hotels Management
So what: The stock fell 15% on Friday, and hopeful investors overshot the correction today. Home Inns did have some positive news over the weekend in closing the acquisition of a smaller rival, but that spot of sunshine didn't have enough muscle to sustain Monday's jump.
Now what: The midday announcement of a new U.S. Senate bill to pull American cash out of the Chinese economy may have sparked the downward move. Furthermore, global hotel chains such as Hyatt Hotels
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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.
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