Loose or "out of his hands" does not necessarily equal "clearly in flight." What if the ball goes in a downward motion rather than up? In addition, the "act of shooting" definition includes the airborne shooter. The AS, by definition (4.1.1-2), is a player who has released the ball on a try...and has not returned to the floor AND is considered to be in the act of shooting. Thus, one could argue that as long as he's in the air, he can touch the ball an indefinite number of times and is still in the act of shooting.
There's nothing I stated that was even remotely contridictory.
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