1,345 karma · joined June 8, 2011
Because they haven't closed their positions, and that information would tip shareholders into thinking they might release some profit before the price levels out.
>They would have lost literally all their money, even with the additional investment, if they were still in when GME soared to $400
No. Not if their positions haven't closed.
If you really think this through, why would they actually announce they have covered the shorts instead of simply reclaiming a short position?
To think hedge funds wouldnt do such a thing when so much is riding on this, is extremely naive.
2. You are referring to post covid syndrome, it's well known and not remarkable for Sars2. Weird things happen from viral respiratory infections all the time, covid is no different. Up to the age of 38 or so the seasonal flu has a higher mortality rate. You have a higher chance of dying in a car crash up to the age of 30. I don't have the sources here but they are easily found. After reading the literature extensively on this subject the portrayal of the risk is blown far out of proportion in the media.
Let my comment be a warning that you might be in for a world of hurt in the next few months as you go into winter. You have to remain globally isolated until the virus is completely eradicated.
The people who are currently on a good WFH salary are seeing their savings grow thinking they are doing well for themselves because soon they will buy a house but what they don't realise is that eventually they will have to pay for the 400k people on the pandemic unemployment payment, the 5 billion that was lost this year in tourism, the 10 million we are spending weekly on PCR testing. This all adds up and with only 2.3 million wage earners in Ireland they are going to be stung for a lot of tax to pay for this.
There are people with short term or part time jobs who are happier to be paid 350 per week for staying at home. Why would you want to work a menial job if you didnt need to?
Like Prof. Johan Giesecke from Sweden said, the western countries got themselves into a lockdown without thinking of a plan on how to get out of it and no one wants to be seen as the person who made the decision to kill loads of people.
There's also the vaccine angle which is sure to make those companies lots of money this year.
Ireland had one of the strictest lockdowns in most of Europe since March, no pubs, nightclubs, limited restaurants, churches, limited sports, 5km travel restrictions were on and off. We masked up early and our national broadcaster was constantly warning everyone non-stop. Schools were open however.
We were the poster boy for lockdown success up until at least November. Other nations were commenting on our achievements. You can see what has happened since.
The WHO warns that lockdown should only be treated as a last resort, to truly flatten the curve and no more. We ignored that.
It's my sincere opinion that we've tried to push back a virus through our lockdown measures and social distancing that eventually cannot be controlled.
Holding back a virus is like holding back a damn, eventually something will burst and typically at the wrong time.
If we had listened to the WHO by not locking down, gaining natural immunity during the summer (when coronaviruses aren't as prevalent) we wouldn't be in the mess that we are in now.
The median age of death of this virus is 82. Please conceptualise this. Less than 20 people under the age of 44 died from covid in 2020. With our current technology dying is a part of life that cannot be avoided. The people who are dying from covid at the moment are people who were going to die this year, remember, people have to die, most of them have already made peace with this idea.
If we didn't try so hard to prevent these aged people from dying we wouldn't have our resources stretched thin which is compounding the death rate further.
I'm sorry to be the person to tell you this but we all have to die, we shouldn't be stopping the living from enjoying their days on earth. Lockdowns are hurting the young and middle age to a drastic degree. You may not care because you work from home and are still guaranteed a paycheck. It's easy to virtue signal that you want to save everyone from the comfort of your keyboard. You aren't impacted by business closures but if you had any shed of humanity you would disagree to these lockdowns because they are causing more harm than good.