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 network-based telephony expert Broadsoft
So what: No news on Broadsoft itself today. IT markets are under general pressure from Oracle's
Now what: 'Tis the season for mutual fund rebalancing, and Broadsoft is a large holding in many funds. Lots of the largest fund management investors here are virtual unknowns, increasing the likelihood of bad trading policies somewhere in the mix. I fully expect this stock to bounce back in a matter of days as the market attempts to stay (or become) efficient.
Interested in more info about Broadsoft? Click here to add it to My Watchlist.