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Bullboard - Stock Discussion Forum Sir Royalty Income Fund T.SRV.UN

Alternate Symbol(s):  SIRZF

Consumer Cyclical Restaurants
SIR Royalty Income Fund (the Fund) holds investment in SIR Corp (SIR). The Funds' investment, SIR is engaged in the business of owning and operating full-service restaurants in Canada. SIR has concept restaurant brands, including Jack Astor’s Bar and Grill, Scaddabush Italian Kitchen & Bar, and Canyon Creek Chop House, signature restaurant brands, such as Reds Wine Tavern, Reds Midtown Tavern... see more

TSX:SRV.UN - Post Discussion

Sir Royalty Income Fund > $10.00
View:
Post by Robsopinion on Jul 20, 2021 10:07am

$10.00

And sailing past!
Comment by BlueJay2020 on Jul 20, 2021 10:35am
Yep and now more than a buck over pre-CoViD levels. Technically the chart looks good. Flamingo said a while back (perhaps on this board or another) that stocks like this can very easily 'over-correct' to the upside, just as they do to the downside. I agree and wouldn't rule out a spike that pre-empts the longer-term SP.   
Comment by flamingogold on Jul 20, 2021 12:04pm
BlueJay, good call on the $10. Yes, I have said that stocks will definitely overshoot just as much as they get into over sold territory. Let's not forget how tightly held this stock is and with such a low float too. The big fish that gobbled up shares will need much higher prices to eventually find buyers for. But, I don't see them selling soon. With over 1.6 milion shares, Mr ...more  
Sir Royalty Income Fund
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