TSX:SRV.UN - Post by User
Comment by
BlueJay2020on Feb 23, 2021 2:22pm
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Post# 32638455
RE:RE:Something Cooking?
RE:RE:Something Cooking?Quite simple really - I sold some at 4.75 for the optionality, then bought some back at less than 4.75 and some above 4.75 - average purchase price since the tender is 4.74. It was a short-term defensive play because I didn't think the stock would move a lot higher in the two weeks following the tender - and so it has proved. However, it didn't go down as much I had hoped (I think it got down to about $4.40).
The net impact is that as of now all I've done is trimmed my holding by about 1/3 - quite happy to bank some profit at this stage as my average cost was $3.23. I might add a bit more from here, I might not! I am not married to the stock mainly because my trust in Sir Corp has gone and the whole thing is still so opaque. However, still bullish because I know the stock will pop in a major way once distributions restart.
Robsopinion wrote: I'm so confused BJ 2020, you talk up everyone holding steady and not selling out. Then you sell out. Now your all bullish again and buying at a higher price than you just sold out for?
something is cooking here I just have no idea what it is.