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short trade



Question: I shorted webjet at $3.76,which was the last price before suspended trading, and rights issue at$1.70 was announced. What will be my downside here,when rights period ends,will it be the difference between $3.76 and $1.70, or is it the difference according to the average price over the 2 week period and the rights price, or the price on the day of rights issue ending and the rights price, of course,overall if the share price starts to increase, I can make a long trade to off-set this situation. Hope someone can make the situation more clear to me.Dale.

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