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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

Comment by goldman777on Nov 02, 2021 2:13pm
48 Views
Post# 34078403

RE:RE:BARGAIN RE-ENTRY PRICE ????

RE:RE:BARGAIN RE-ENTRY PRICE ????
Bubula50 wrote:
goldman777 wrote: Messy indeed, I am amazed at this disaster ..... all along I was led to believe this company had solid fundamentals, a solid growth plan, a solid business plan.

Everytime I have reached out to catch this falling knife it has blown right through my hands.

I started with averaging down thinking it couldn`t get much worse, but it did and then I sold it all back at $2.75 or so for a substantial hair cut. At the time it was an incredibly hard decision to make to lock in those losses but glad I did now - I would have been creamed if I didn`t follow my instincts back then. 

Hind sight is always 20 - 20, don`t even know anymore with this one - What`s behind the drawn curtain, What`s the next horror story. What`s the catalyst for the BIG reversal .... this thing is now a guessing game at best.

I think with TLSS upon us we will see lower prices but maybe the damage is done already ? 
WTFK


So Mr Goldman Are you a little tempted to dip your toes back in. Just a little ? :))


How can I not be, I want a little pay back - but I just don`t know anymore with HEXO - the trend is not your friend here and this thing has bitten me more than once.

That being said I really feel for those that didn`t bail and rode it down to this level - fooking disaster to say the least.

I`ll wait until the dust settles, I hate to say it but just maybe an even $1.00 is in the cards - I know that will ruffel some feathers but back at $3.00 who thought it would ever breach the $2.00 mark and keep going.

Obviously Joe retail investor is always the last to know. 

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