Sir Royalty Income Fund T.SRV.UN

RE:RE:Something Cooking?

[BlueJay2020]

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.