Sir Royalty Income Fund SIRZF

RE:RE:RE:RE:RE:RE:Still closed above Monday's opening

[jcw604]

This is an exceptional stock that I found sanity with stock prices movement in the Canadian market. Usually, the Canadian market is not so forward thinking. However, this one seems to be played by a bunch of more matured investors with forward thinking. One thing I observed is that the stock price fell ahead of bad news and it was already recovering on the day when the bad news was announced. E.g. the closed price on Monday was higher than its open price. Really, stock price should behave this way since the market should have already known from the regular news what kind of lockdown had happened and adjust the value of the shares accordingly. The announcement on Monday is really nothing new to those who have done their homework. Really, the bad news should have already priced into the share price before the announcement. The announcement really only gave an opportunity for short covering, and investors like me who still have not accumulated enough shares to get more shares at cheap prices.