Except B1 is no stranger to shorting because he was a permabear prior to 2008 crash and I believe he was also heavily shorting through much of the time leading up to 2018.
The problem with Corona is that, like the stock market, the past performance is not indicative of future results. You could be all fine and dandy for the last 6 weeks, but what's to stop you from getting infected today?
Trump wants to ‘open’ the economy by Easter despite the deadly threat of coronavirus
https://www.cnbc.com/2020/03/24/coronavirus-response-trump-wants-to-reopen-us-economy-by-easter.html
That's only 3 weeks from now. Think it's possible? Hmmm
There you go again, resorting to a childish name-calling when you have nothing informative to say. Dude, when was the last time you went shopping? Prices are already up due to Corona. Some have gone up by as much as 100%, twice what it used to be. Now add more "free money" into the circulation...
What happens if it keeps going down? Down to $7...then $6...then $5? When do you call it quits? I say this because I've been there are done that. Hoping for a miracle is the single biggest sin of trading.
Hindsight is always 20/20.
The problem is that the market often moves against you even after you average down. Why? BECAUSE YOU GOT THE DIRECTION WRONG. If you're smart, you'd get the hell out by then. But no, you keep adding more to the losing trade. But it doesn't matter because you'll never...