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Telephonics

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Telephonics

Re: rrufff post# 501

Friday, 12/09/2005 3:07:04 PM

Friday, December 09, 2005 3:07:04 PM

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It did not result in a naked short. The broker bought in shares on the open market and swallowed the loss his error caused. Delivery was made well withing the Japanese 4 day limit. The was no naked short involved.
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