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 Noah Holdings
So what: Chinese stocks can be volatile even on the calmest news days, and that's exactly what we have today. Even though the stock raced through a day's average volume in the first two hours of trading, there's not much driving it.
Now what: After buyers barged in early this morning, trading has quieted down in this mysterious move. We may just be seeing a continued move after the beating the stock's taken over the last three months. Without any solid news, I see no reason to change your investment thesis, nor to buy into the move today.
Interested in more info on Noah Holdings? 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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