BLACKROCK Municipal Income TRUST V.BFK.P

Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.

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BLACKROCK Municipal Income TRUST

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Comment by Analystguyon Aug 27, 2019 12:18pm

109 Views

Post# 30070352

RE:WOW!!!WTF?

I'll tell you what is happening and CIBC is the engine behind it. They drive the price down by selling a boatload of shares (with the help of Anonymous). As panic takes hold, they buy the stock at lower values. CIBC is involved at every price point and has made money all day long with this strategy. When the market sees a reversal in the number of shares being sold vs bought, traders step in to purchase and the stock goes back up. This stops the minute CIBC or Anonymous release another boatload of shares to test the low and/or trader sentiment.

The key to CIBCs success is the massive amount of shares it holds for all LPs. Unlike other house CIBC always makes a profit on its trades.

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle