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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 GrimesInvestoron Jun 07, 2020 7:16am
201 Views
Post# 31121247

HEXO I've bought in!

HEXO I've bought in!Expect markets to be in full bull mode Monday morning with Open cutting production. Thanks Soccerguy for welcoming me aboard. Had to pull the trigger and buy at these prices. Now we all know that stocks are influenced on beliefs, financial numbers and if there is a buyer correct. Something that has helped me since I was 18 trading was looking at the charts and determining what stage the stock is in with everything else in the world going on. Are we in contraction, expansion and or profit taking stage? For Hexo I believe that this stock has contracted as far as its going to go and can only enter expansion cycle. A lot of dumb money has left the market while all the smart money in the past 6 months is buying back shares while shorting. Although I don't agree with that it's just the reality of the big players. When the smart money is invested what happens again? It enters expansion. I've bought in because the charts show something very nice brewing here. I hope this returns to its glory days for all the shareholders on this page. We all have a 75% chance of getting next Q earnings in the green especially with Covid 19 affecting the way people buy. MJ sales in the entire markets has already exceeded expectations. PS don't always believe an analyst to hear it's all about getting the dumb money to buy so look at the three stages and determine where you think the stock sits. I am all again going to say we are entering expansion stage and that's why I have bought in here. Glta to all!
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