Remember Youku?

Do you remember Youku (YOKU)? It was an IPO darling in late 2010 when it debuted alongside Dangdang (DANG). Both stocks took off. For a time in 2011, Youku reached $62 a share. And then both sank like a stone.

Dangdang is down more than 88% from its IPO price. Youku is doing a little better but not much. It's "only" down 55% from its IPO price. Youku recently perked up above $17. But that's still miles from its all-time high of $62. Yet after seeing Youku tread water for the last 18 months or so, I believe it's worth watching. I recently went long the stock....449 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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