Put This Forgotten China Stock on Your Radar
A year ago, there was no hotter initial public offering than Youku (YOKU). The company successfully went public in December 2010 in the teens and, by April 2011, it was approaching $70.
Then came the lock-ups and a secondary offering, and the stock took a much-needed correction back to its IPO price. It's tested $15 several times in the last six months, but it's never broken that level. In the last three months, Youku has bounced back from $14 to $24, and now trades around $21....288 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.