TSX:SRV.UN - Post by User
Comment by
flamingogoldon Dec 25, 2020 8:48pm
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Post# 32183161
RE:RE:RE:RE:RE:RE:RE:RE:Still closed above Monday's opening
RE:RE:RE:RE:RE:RE:RE:RE:Still closed above Monday's opening I've been in CHR a long time, bought in after they sliced the div by 50% and rode it up. This is another time to own it and wait for the div to come back. Same with SRV.
As for Shawcor, I've never followed it, but just took a look. Wow that is one ugly chart. Down 6 years straight. GLTA in 2021.
BlueJay2020 wrote: You make some interesting points. I think the ownership of this stock will have changed dramatically over the last year, from people looking for some stable income to people looking for significant capital gains. I cannot imagine that many of the initial group held on when the stock was a buck fifty. and that was why I was a little surprised that there was a sell-off this week (in relative terms) - I am not sure it was tax-loss related (why sell at this stage of the game?) but perhaps it was locking in some speculative profits - who knows? I find the movements of this stock hard to read because it is so illiquid.
The question is what is the mindset of current shareholders - how long are they prepared to ride the stock up before they cash in? Probably when the divi is restored and there is a massive jump in the stock price - because of course the income junkies will want to get back in.
It's going to be fascinating to see how this all plays out. I only have 10,000 shares in SIR at present, because I am holding a number of similar risk plays - Chorus, American Hotel Properties and Shawcor - and I am trying to spread the risk a little. I think Shawcor has the most potential (I think it's a four-bagger eventually) whereas SIR is more in the two-to-three bagger in my opinion. AHOT and Chorus are both potential doubles.