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• n  a letter of intent saying that a letter security is being bought for investment and not for resale; avoids need for SEC registration

News & Articles

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• Einhorn drops J.C. Penney, reaffirms GM
  Greenlight Capital dropped its investment in J.C. Penney, its most profitable short position in 2012, according to its quarterly investment letter.
  July 26, 2013 - Market Watch