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 online media company SINA
So what: E-Commerce China Dangdang
Now what: We'll have to wait another day to hear exactly what SINA has to say, but the market will likely have a strong response for this volatile stock. Short interest has ballooned to more than 10% of SINA's float, and they'll either be proven right or be headed for the hills after earnings. With volatility very high right now, I would wait this out until after earnings when SINA should give us a clue whether its business is impressive or disappointing to investors.
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