Sir Royalty Income Fund T.SRV.UN

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

[BlueJay2020]

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.