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 insurer CNinsure (Nasdaq: CISG) jumped 13% today, clawing back most of the losses shares had yesterday.

So what: A downgrade by JPMorgan Chase caused a lot of the move yesterday, and if its clients are done selling, the buyers looking for some value have moved back in. There's also the independent e-commerce insurance platform CNinsure is establishing that was glossed over by investors yesterday.

Now what: Yesterday, Fool colleague Brian Pacampara said he didn't see any reason to pounce on shares, but I'm seeing some opportunity here. I see the move into e-commerce insurance as a catalyst going forward and the sale of Beijing Fanhau Datong Investment Management will give the company even more cash than the $291.6 million it had to end 2010. I'm a little less excited about the value given the run-up today, but I'm not scared to be a long-term buyer today.

Interested in more info on CNinsure? Add it to your watchlist.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

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