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 > Good Morning :)

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Post by quinlashon May 26, 2020 9:22am

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Post# 31072292

Good Morning :)

Hey Everyone,

Sunny here, looks like it's going to be a nice day. Hope everyone is doing fine.

Just checking out HEXO pre-market.. WOW.. volume is massive ! Price is going up and down, to be expected, after all, it's a stock right.

Watching Canopy and Aurora too, just sipping a coffee so haven't got much past these three yet. Those stocks are seeing similar action as HEXO, up and down. All the MJ stocks are showing high volume so we definately have traders at work more than usual in the sector.

Those trading on a single day or a few days will be making their plays to try and buy low and sell high. Those planning to come in and buckle up for longer term will be looking to get shares at the cheapest price they can. Those now turning positive on the stock will be averaging down etc.

All of those actions of tens of thousands (100's of thousands?) investors will determine where the shareprice goes minute by minute, hour buy hour, day over day etc. Calling the price movement on the day is impossible so we will see where the day takes it, The Market Sets the Price.

Pretty sure most of out long term investors that lost faith or hit the max risk tolerance have now exited the stock. Those buying the stock over the last few weeks / months are either well into the money or have an average low enough that they can ride out the daily fluxuations in the shareprice. As nervous money exits and fresh optimitic money comes in we can expect the lows on a day, week, etc to be higher than previous days, weeks, months etc.

News moves the market so if we see positive news come out while the climb is still occuring we should see another nice run.

I seen Insider-Leak-His-Pants posting so that obligates me to buy today as he's my lucky charm on this stock... track his bashing and it's always before a run.. the guy has a gift.. LOL... he's 180 degrees off every call but I'll take it.... like watching the world's worse weather man calling for rain then packing your bathing suit to head out to the beach ;)

More coffee.. gotta get the first pot into me before trading opens !