Elpida Margin Orders Show Investors Bet Wrong on BailoutYoshiaki Nohara and Satoshi Kawano
Investors borrowed a record number of Elpida Memory Inc. shares even as it filed for bankruptcy, betting Japan’s last major maker of computer memory wouldn’t be allowed to fail. They faced a rout today as the stock plunged 97 percent after the Tokyo bourse removed limits on how far the price can move in a day.
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