10-06-2015 15:24:37.496 -0500 WARN TailReader - Enqueing a very large file=/var/log/squid/access.log in the batch reader, with bytes_to_read=878207660, reading of other large files could be delayed
This is fine, all splunk is saying here is that it might be busy reading a large file and might be delayed to read other big files.
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