¶ On that day, plaintiff, concerned about his mounting investment losses, requested that defendant "sell short" for his account two May, 1976 silver contracts. The effect of such a short sale would have been to create a "hedge" between plaintiff's obligations to buy silver and his obligations to sell. Plaintiff testified that his purpose in selling short was to obtain some protection against further losses while he pondered his next speculative move. The short sale requested...
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