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.
Fool contributor Anders Bylund owns shares of Sonus Networks but holds no other position in any of the companies mentioned. Motley Fool newsletter services have recommended buying shares of Acme Packet. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.