Stan Druckenmiller Recommends IBM As A Short, Shares Dip

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Michelle deBoer-Jones
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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.

Stan Druckenmiller Recommends IBM As A Short, Shares Dip

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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Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.