Sir Royalty Income Fund SIRZF

down 3.00$ in 4 days based on nothing???

[rabnud]

very low volumn  this is the weidest trading stock I have ever seen

[flamingogold]

Why so surprised? It's a tightly held equity and can have wild swings on little volume. The holiday festivities are over. Jan is typically a slow month for dine-in so perhaps a little more selling pressure on what was already overbought. It's back in it's channel now but don't be surprised if it enters over sold territory. If so, you know what to do.

[babedinkleman]

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[flamingogold]

So checking SEDI, a few small sells went through by Lembit James and 1 director. Not unusual given the valuation of the overbought condition of the stock. Lembit acquired his shares for $4.70+ (and actually saved all of us with his activism) and he still holds over 10%. The other, a director sold his 5,000 shares gifted in the $8 range last July 2021. Can you blame them for taking some profit

[babedinkleman]

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[rabnud]

just makes zero sense  I can understand a dollar over a week maybe but based on the trade volumns this is just madnes ;;  someone somehow on the ATS markets is manipulating the share price 

[babedinkleman]

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[rabnud]

seems to be up quit seriously last 3 days 

[flamingogold]

As I mentioned, it's tightly held. The big fish here are not selling.

[babedinkleman]

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[flamingogold]

The big run is over. Investors are here mostly for the distribution now. I've mentioned it before but my next big plays are CHR and HOT, both travel stocks. CHR is already making it's run, but still not too late as the distribution has yet to return there. HOT is paying over 8% and still at pandemic levels. An incredible steal, just like this once was. Worth a deeper dive. GL.

[rabnud]

yes i bought a bunch of HOT today  looks good at 8.5 %   and only 2.82 SP

[flamingogold]

Exercise patience, get paid to wait. While we're still not out of the woods, inflation will continue to come down, rates will ease and Putin will not succeed. New events will pop up, like the US debt ceiling... just ignore it and buy on any big dip from that. GL