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Youku.com (YOKU)

The index we use for the China market is right back to its long-term support and several of our stocks are holding up well. But it’s still a rough market any way you look at it and the Cabot China-Timer is still flashing the red light. We’re tagging a hot young stock for our Watch List today and booking our profit in one of our winners that’s correcting farther than we’d like. With our cash position near 50%, we’re ready for whatever the market throws at us.