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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

Post by gbengaon May 25, 2020 12:36pm
169 Views
Post# 31069259

Original HEXO Longs still down about 70% to 90% ... but ...

Original HEXO Longs still down about 70% to 90% ... but ...Generally only day traders looking for their penny gains from daily swings obssess over % moves in sp. Those of us who bought and stayed long from 2018 have nothing to be excited about with the latest SP moves (although cant complain either).  With my original HEXO shares and the converted HIP shares I hold a bag of some 14,000 HEXO shares at 85% loss currently!  I refuseed to sell but I also refuse to average down.  Averaging down is basically adding to your already high risk even if you get a psychological relief from it.  Better stay long with what we have already sunk into HEXO, put that extra cash in another stock in a different sector that is sure to rebound in multiples (e.g AirCanada, sure to receive huge government bailout) and hope that HEXO continues to climb.  Averaging down wont change the delta of your sunk investment.  It is a sign of regret and panic.  It is like bashing your head on the wall for not putting that money in Shopify in 2018 rather than HEXO or ACB or etc.  
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