Stan Druckenmiller Recommends IBM As A Short, Shares Dip – ValueWalk Premium
2016 IRA Sohn Conference
22Nov2013

Stan Druckenmiller Recommends IBM As A Short, Shares Dip

Stan Druckenmiller is now the second major hedge fund manager this week to oppose Warren Buffett over a stock. He said today that he's actually shorting International Business Machines Corp. (NYSE:IBM), which happens to be one of Buffett's two largest position, according to a recent Bloomberg interview conducted at The Robin Hood Conference. Buffett's stake in IBM is estimated to be worth as much as $13 billion.

Incidentally, one of Buffett's other largest positions, Exxon Mobil Corporation (NYSE:XOM), is being shorted by Jim Chanos.
Druckenmiller pushes IBM lower
Twitter posts from various users and some analysts suggest that Druckenmiller's comments about International Business Machines Corp. (NYSE:IBM) may have caused the stock to dip just slightly.

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Author

Michelle Jones was a television news producer for eight years. She produced the morning news programs for the NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spent a short time at the CBS affiliate in Huntsville. She has experience as a writer and public relations expert for a wide variety of businesses.

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