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Jim Chanos, founder and CEO of Kynikos Associates, speaks at the Reuters Global Hedge Fund and Private Equity Summit in New York April 11, 2007.
Jim Chanos, founder and CEO of Kynikos Associates, speaks at the Reuters Global Hedge Fund and Private Equity Summit in New York April 11, 2007.
(Eric Thayer/Reuters)

James Chanos' big bet against CGI doesn’t mean the stock is doomed

When James Chanos bets against a stock, investors take notice. But his bet against CGI Group Inc. is by no means a sure sign that the Canadian technology company’s shares are doomed.

Mr. Chanos, founder of Kynikos Associates, is famous for short-selling Enron Corp. before the energy trader went bust in 2001 and, more recently, his well-publicized belief that China’s real estate sector is in a dangerous bubble.