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Nova Scotia Health announces potential COVID exposure sites – HalifaxToday.ca

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NEWS RELEASE
NOVA SCOTIA HEALTH
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Nova Scotia Health Public Health is advising of potential exposure to COVID-19 at four locations in the Central Zone. In addition to media releases, all potential exposure notifications are listed here.

Out of an abundance of caution and given the current testing capacity available, anyone who worked or visited the following locations on the specified dates and times is asked to immediately visit https://covid-self-assessment.novascotia.ca/en to book a COVID-19 test, regardless of whether or not they have COVID-19 symptoms. You can also call 811 if you don’t have online access or if you have other symptoms that concern you. Please read carefully the locations and specific self-isolation advice below.

Regardless of whether or not you have COVID-19 symptoms, those present at the following locations on the named dates and times are required to self-isolate while waiting for their test result:

  • Pete’s Frootique Sunnyside Mall (1595 Bedford Hwy, Bedford) on Dec. 23 between 11:30 a.m. and 1:30 p.m.
  • Walmart Bedford Commons – photo kiosk area (141 Damascus Rd, Bedford) on Dec. 23 between 12:30 p.m. and 2:30 p.m.

If you have symptoms of COVID-19, those present at the following locations on the named dates and times are required to self-isolate while waiting for their test result. If you do not have any symptoms of COVID-19, you do not need to self-isolate while you wait for your test result.

  • Walmart Bedford Commons – rest of store (141 Damascus Rd, Bedford) on Dec. 23 between 12:30 p.m. and 2:30 p.m.
  • Michael’s Bedford Commons (161 Damascus Rd, Bedford) on Dec. 23 between 1:30 p.m. and 3 p.m.
  • Sobey’s Tacoma Drive (60 Tacoma Dr, Dartmouth) on Dec. 23 between 4:30 p.m. and 6:30 p.m.

It is anticipated that anyone exposed to the virus on the named date may develop symptoms up to, and including Jan. 6.

Please remember:

Visit https://covid-self-assessment.novascotia.ca/en to do a self-assessment if you have had or you are currently experiencing:

  • ·        fever or cough (new or worsening)

Or

  • two or more of the following symptoms (new or worsening):
    • sore throat
    • runny nose
    • headache
    • shortness of breath

Please do not go directly to a COVID-19 assessment centre without being directed to do so and do not go to a pop-up rapid testing location.

Currently, anyone travelling to Nova Scotia from outside of the Atlantic Provinces is expected to self-isolate alone for 14 days after arriving. If a person travelling for non-essential reasons enters Nova Scotia from outside Atlantic Canada, then everyone in the home where they are self-isolating will have to self-isolate as well.

When Nova Scotia Health Public Health makes a public notification it is not in any way a reflection on the behaviour or activities of those named in the notification.

All Nova Scotians are advised to continue monitoring for COVID-19 symptoms and are urged to follow Public Health guidelines on how to access care. Up to date information about COVID-19 is available at novascotia.ca/coronavirus.

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GameStop shares almost double again as retail investors poke Wall Street's bears – CBC.ca

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Individual investors again piled into several niche stock market plays on Tuesday, prompting hedge fund short sellers to scramble to cover losing bets and driving a rally in shares of companies including GameStop and Etsy.

The surge in recent days — GameStop has risen to about $150 from $19 since Jan. 12 while BlackBerry Ltd. has shot up 170 per cent this year — has spurred concerns over bubbles in stocks that hedge funds and other speculative players had bet would fall in value.

To some on Wall Street, the moves have also begun to look symbolic of a stock market that may be overvalued at the end of a year dominated by floods of fiscal and monetary stimulus to ease the coronavirus crisis.

“This is hardly an environment where informed investors are transacting to establish price discovery,” said Mike O’Rourke, chief market strategist at JonesTrading.

Chasing tips from Reddit

The benchmark S&P 500 has gained more than 70 per cent since March, with analysts putting moves in share prices of several loss-making firms down to herds of amateur investors chasing tips from Reddit discussion threads or the private Facebook group Robin Hood’s Stock Market Watchlist.

Venture capital investor Chamath Palihapitiya said in a tweet that he had bought $115 call options on GameStop, a gaming and electronics retailer, on Tuesday morning after an exchange with Reddit founder Alexis Ohanian. Those give him the right to buy the shares at $115, should he choose to. 

GameStop closed at $147.98, up about 92 per cent on the day and extending its winning streak to a fourth straight session.

In after hours trading in New York on Tuesday evening, the shares were changing hands at more than $200 a share.

Much of the action has centred around shares that have been heavily “shorted” by other market players — traditionally an area dominated by hedge funds.

Shares in Evotec, a Germany-based drug company, rallied eight per cent on Tuesday with three traders reporting that hedge fund Melvin Capital Management was closing its short positions after suffering losses on some bets.

Melvin previously held a 6.2 per cent short bet against Evotec, according to filings with the German regulator. The fund did not respond to requests for comment.

WATCH | Here’s how short selling works:

An animated explanation of how people make money from stocks losing value 0:46

Short sellers typically bet against stocks of companies that they view as outdated in their business models or otherwise overvalued.

BlackBerry shares trade at a 12-month forward price to earnings ratio (P/E ratio) of 117.22, while online retailer Etsy has a multiple of 93.44. At that level, investors are paying $93 for every dollar of actual profit at the underlying company.

By contrast, Apple Inc., the world’s most valuable publicly listed firm, has a 12-month forward P/E ratio of just 34.46. Etsy jumped as much as nine per cent on Tuesday after Tesla Inc. CEO Elon Musk, also often a focal point for social media-savvy traders, endorsed the company in a tweet.

Investor Andrew Left is as convinced as ever that GameStop is a dying business and its stock price will fall sharply.

Will it end badly? Sure. We just don’t know when– Thomas Hayes, Great Hill Capital

Left shorted the company’s stock when it traded around $40 a share and forecast publicly that it would tumble to $20 a share. He said on Tuesday that he was still shorting the stock.

“Will it end badly? Sure. We just don’t know when,” said Thomas Hayes, managing member at Great Hill Capital in New York.

“The most optimistic estimate from the street [for GameStop] is $30 a share, which would be pricing in perfection on all of the most bullish initiatives of the company.”

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GameStop shares continue meteoric rise as retail investors poke Wall Street's bears – CBC.ca

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Individual investors again piled into several niche stock market plays on Tuesday, prompting hedge fund short sellers to scramble to cover losing bets and driving a rally in shares of companies including GameStop and Etsy.

The surge in recent days — GameStop has risen to about $90 from $19 since Jan. 12 while BlackBerry Ltd. has shot up 170 per cent this year — has spurred concerns over bubbles in stocks that hedge funds and other speculative players had bet will fall in value.

To some on Wall Street, the moves have also begun to look symbolic of a stock market that may be overvalued at the end of a year dominated by floods of fiscal and monetary stimulus to ease the coronavirus crisis.

“This is hardly an environment where informed investors are transacting to establish price discovery,” said Mike O’Rourke, chief market strategist at JonesTrading.

The benchmark S&P 500 has gained more than 70 per cent since March, with analysts putting moves in share prices of several loss-making firms down to herds of amateur investors chasing tips from Reddit discussion threads or the private Facebook group Robin Hood’s Stock Market Watchlist.

Venture capital investor Chamath Palihapitiya said in a tweet that he had bought $115 call options on GameStop, a gaming and electronics retailer, on Tuesday morning after an exchange with Reddit founder Alexis Ohanian. Those give him the right to buy the shares at $115, should he choose to. 

GameStop gained 22 per cent to $93.70 in morning trade, well below Monday’s intraday high of $159.18, but extending its winning streak to a fourth straight session. The broader U.S. stock market was about flat on the day.

Will it end badly? Sure. We just don’t know when.– Thomas Hayes, Great Hill Capital

Much of the action has centred around shares that have been heavily “shorted” by other market players — traditionally an area dominated by hedge funds. Shares in Evotec, a Germany-based drug company, rallied eight per cent on Tuesday with three traders reporting that hedge fund Melvin Capital Management was closing its short positions after suffering losses on some bets.

WATCH: Here’s how short selling works:

An animated explanation of how people make money from stocks losing value 0:46

Melvin previously held a 6.2 per cent short bet against Evotec, according to filings with the German regulator. The fund did not respond to requests for comment. Short sellers typically bet against stocks of companies that they view as outdated in their business models or otherwise overvalued. BlackBerry shares trade at a 12-month forward P/E ratio of 117.22, while online retailer Etsy has a multiple of 93.44. At that level, investors are paying $93 for every dollar of actual profit at the underlying company.

By contrast, Apple Inc., the world’s most valuable publicly listed firm, has a 12-month forward P/E ratio of just 34.46. Etsy jumped as much as nine per cent on Tuesday after Tesla Inc. CEO Elon Musk, also often a focal point for social media-savvy traders, endorsed the company in a tweet.

Investor Andrew Left is as convinced as ever that GameStop is a dying business and its stock price will fall sharply. Left shorted the company’s stock when it traded around $40 a share and forecast publicly that it would tumble to $20 a share. He said on Tuesday that he was still shorting the stock.

“Will it end badly? Sure. We just don’t know when,” said Thomas Hayes, managing member at Great Hill Capital in New York. “The most optimistic estimate from the street [for GameStop] is $30 a share, which would be pricing in perfection on all of the most bullish initiatives of the company.”

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Retail trading frenzy sparks jitters for noted GameStop short-seller – The Globe and Mail

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Short-seller Andrew Left does not usually smoke. But on Monday he had a cigarette to calm his nerves as shares of GameStop Corp, the stock he had shorted, continued to rocket higher.

Left, who has built a reputation by targeting companies he thinks are overvalued, is as convinced as ever that videogame retailer GameStop is a dying business whose stock price will fall sharply someday. He said on Tuesday he is still short the stock, which means he has bet that the price will fall, and more convinced than ever of his position.

“If I had never been involved in GameStop and came to this right now, would I still be short this stock? 100 percent,” Left, who runs Citron Research and a hedge fund, told Reuters on Tuesday. “This is an old school, failing mall-based video retailer and investors can’t change the perception of that.”

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GameStop did not immediately respond to a Reuters request for comment.

Shares of GameStop jumped 22% on Tuesday after surging 144% a day earlier, as individual investors again piled into a number of niche stocks, prompting short sellers to scramble to cover losing bets.

Left shorted the company’s stock – selling borrowed shares in a bet that the price will fall and that the shares can be bought back at a lower level – when it traded around $40 a share and forecast publicly that it would tumble to $20 a share.

Since Left spoke out publicly about GameStop earlier this month, other investors have turned out en masse to take the other side of short-sellers’ bets, forcing the stock up some 308% this year to trade at $112.45, or up 47% on Tuesday.

Along the way, Left said he has been threatened – although he declined to specify how – and asked authorities to investigate.

“Everyone thinks this stock sucks and the only reason people are buying it and own it is that for them it is a game.”

He added, “I created this game, based on uncovering the truths … so I can’t get mad at people for taking the other side.”

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The market fury, however, is something that Left, who has been posting his research for two decades and has taken on prominent hedge fund managers like Bill Ackman at companies like Valeant, has not seen before.

Short selling is something every hedge fund is technically able to do but only a handful of firms – including Citron, Jim Chanos’ Kynikos Associates, Carson Block’s Muddy Waters Research, and Ben Axler’s Spruce Point Capital Management – specialize in.

Many hedge funds acknowledged over the last months that shorting had hurt their performance and Melvin Capital, a $13 billion hedge fund, on Monday received a financial lifeline from hedge funds Citadel and Point72 Asset Management after having been deeply hurt by short bets that went the other way.

The pain continues for short investors as some of the market’s most shorted stocks like retailers Bed Bath & Beyond and Dillard’s Inc have marched higher in the last days.

“I don’t smoke but yesterday I was outside smoking a cigarette,” Left acknowledged with a laugh, explaining his current stress. Last year his two-year-old fund returned 155%, after gaining 43% in 2019.

This year the Citron fund is off 2.5% since the beginning of January, Left said. “This kind of situation teaches you proper allocation,” he said.

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