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 solar-power expert LDK Solar (NYSE: LDK ) glittered and gleamed today, jumping as much as 13.2% on about twice their average trading volume.
So what: With no news on LDK, the stock is still beating the rest of the solar sector black and blue here. That's often a sign that large investors are making a move, and the effect is amplified by the fact that about half of LDK's float is sold short. This is a high-beta stock for a reason, people.
Now what: Morgan Stanley (NYSE: MS ) and Goldman Sachs (NYSE: GS ) would be the most likely big-volume buyers. They are the two largest LDK shareholders outside CEO Xiaofeng Peng, who holds 51% of the company in his own pocket. Both have also increased their stakes in 2011 -- in Goldman's case, tripling its holdings between March and September. Fellow Fool Travis Hoium sees LDK in the lower echelons of the solar industry, but someone out there with deep pockets disagrees today.
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