goal: try to print an error message if a ticker is not in the file
"Tickers".  Only 1 error message per ticker, even if there are say, 10,
attempts to search for the same ticker.

e.g. Ticker file has:

ABC
DEFG
HI
J

search for:

EF
ABC
EF
H
HI
EF

we would have log error messages (i.e. logError) for:
EF
H

problem:
only EF is logged in the error log.  (i.e. only the tickers that are
searched repeatedly (and not found) are logged; tickers that are
searched once, but not found, are not logged).

i.e.
we have only logged error messages for:
EF

code:
   private String checkTicker(Object ticker, Object exch, String
pName)
   {
       String inputLine = null;
       String returnString = null;
       boolean found = false;

       Vector failedTickers = this.getFailedTickers();

       try
       {
           FileReader in = new FileReader(fileDir + "/" + "Tickers");
           BufferedReader reader = new BufferedReader(in);

           while (((inputLine = (reader.readLine())) != null) &&
                  (found == false))
           {
               inputLine.trim();

               if
(inputLine.compareToIgnoreCase(((String)ticker).trim()) == 0)
               {
                   found = true;
                   // (Really just a dummy value, since the
                   //  ticker is never used in processing)
                   returnString = "OK";
               }
           }

           in.close();
           reader.close();

           if (found == false)
           {
           // check to see if ticker is already in failed tickers
           // if so, then do nothing
           // if not found, add this ticker to the list of failed
tickers, and output error message
           if ( false == failedTickers.contains( ticker ) ) {
               failedTickers.add( ticker );
               this.setFailedTickers( failedTickers );

               logTickerError("failed, ticker: " +
((String)ticker.trim()), 3);
           }

               errFlag = true;
               returnString = "ERROR";
           }
       }

       catch (Exception e)
       {
       }

       return returnString;
   }

Question:
where is my logic error?