SNSN schreef op 22 juli 2013 14:31:
[...]
Yes. At current prices (manipulated by small/mid-size profs) Slim has huge "paper losses" (his average > 3). But he did NOT take "real losses".....it's NOT his objective. He has strategic interests and does not care about price fluctuations with volume ~16-30m p/day.
It's not Slim's play – you may see it from our mid-term trading pattern: we were rising (on average) with volume ~30m p/d, while were falling with ~16-18m p/d only)....
If Slim would convert his "paper/imaginary losses" into the "real losses" - the volume (on the way down) would rise by orders of magnitudes.... If that would happened, that would be a signal of increasing default risk... Until that time (until Slim stays in) the default prob is almost zero.
So, do not take any losses in any circumstances - that would be meaningless.