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MFS Municipal Income Trust V.MFM


Primary Symbol: MFM

MFS Municipal Income Trust (fund) is a diversified closed-end management investment company. Its investment objective is to seek high current income exempt from federal income tax but may also consider capital appreciation. It invests, under normal market conditions, approximately 80% of its net assets, including assets attributable to preferred shares and borrowings for investment purposes, in municipal bonds. These municipal bonds include debt securities issued by or on behalf of states, territories, possessions of the United States, District of Columbia, and their political subdivisions, agencies, or instrumentalities. The Fund invests in various sectors, such as hospitals, secondary schools, colleges, schools, and water and sewer utility. It has investments in areas, including Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Georgia, Guam, Hawaii, Idaho, and Illinois. Massachusetts Financial Services Company is the investment adviser of the Fund.


NYSE:MFM - Post by User

Bullboard Posts
Comment by northernbullon Jul 25, 2011 12:44pm
382 Views
Post# 18869056

RE: Is someone capping the price?

RE: Is someone capping the price?Hey Tower, sorry but I can't get my level II to copy and paste. Its all Cannacrap on the sell side at 38 and 38.5. After that, there's about 180k in the way of hitting 45.
As for whether they're accumulating, they don't currently have any large buys in on the bid side and there's no large anonymous bids either.
I'm currently on vacation but have been watching the action. I like the looks of the results and I think others do too. We may go through a short stretch of boredom again, but the fall should be an exciting time as the drills will turn again and the other properties will get some exploration attention as well.
Not the time to be selling to hope for a dip to get back in. My guess is that any drop from here will be on fairly light volume. Some guys who bought for a quick bump on the drill results got stuck, so they may take the hit and bail, but the longs know we're in a favorable position.
Hope you're all enjoying the summer.
Bullboard Posts