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No! Short-Selling List Now Includes … IBM?

in News on September 24, 2008 at 4:16 pm PT

OK, so this is getting ridiculous. The SEC this morning added another dozen names to its list of stocks that are temporarily banned from new short sales. The weirdest addition: IBM. That’s right, IBM, one of the world’s leading technology companies. Someone needs to explain this to me, because I don’t get the logic.