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.

NYSE:BFK - Post by User

BLACKROCK Municipal Income TRUST > Tick-Tock, Tick-Tock

<< Previous

Bullboard Posts

Next >>

Comment by quinlashon May 08, 2020 1:09pm

85 Views

Post# 31004022

RE:RE:Tick-Tock, Tick-Tock

Humm.. you know, if I thought that was going to happen I would go in with a play that would allow me to benefit from a falling share price... pretty sure they call that shorting, or maybe it's called Russian Roulette with 1 bullet taken out of the gun?

If I took the short out at .71 or .72 and the price fell to .70 or .69 (where the insiders increased their position in the company by 700,000 shares last week) then I can pocket the few percentage points in the difference… but what happens if a solid News Release comes out and the shareprice makes a dramatic upswing? Oh ya’ my broker told me I could stand to lose a bundle... I did the math…. That whole shorting thing really sounded appealing for awhile but now it seems like the risk FFFAAAARRRR out weighs the reward.

When I look at the 52 week highs and lows i start to realize that I would have been better off considering a short position when the company posted a 52 week high and not so darn close to the 52 week low.. seems silly to short so close to that... I also thought maybe shorting under the insider buys at $1.67 and $2.12 this year may have been a bad plan too.. rumor has it they can be seen as a strong indicator of confidence in the company.. You know, they actually started buying into the company at $6.54. What happens to a short position if the Shareprice hits $6.54 ??

Pretty sure I will stick with doing some research and simply buying the shares in the companies I am optimistic on at the best price I can on the days I decide to buy. Outside of that all I can do is to have a plan that allows me to average down if the shareprice falls and to limit the amount of money I put in to an amount I can live with for the period I am willing to be invested.

Q

INVINCE wrote:
Share price might go lower Monday morning

quote=quinlash]No news for awhile... clock is running down to next News Release... will be interesting to see who buys going into a Friday close.

Q

[/quote]

<< Previous

Bullboard Posts

Next >>

High-grade gold potential in the world’s best mining jurisdiction