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

BLACKROCK Municipal Income TRUST > I told you so

<< Previous

Bullboard Posts

Next >>

Post by tiodnacion Jan 23, 2020 4:19pm

202 Views

Post# 30590895

I told you so

Last September, when the stock price was around $6, I warned you guys that it would go down below $3. At the time, Quebec Forever among others were furious defending my thesis.
How much is it today? $1.97 closed.

Again, I see this stock going down below $1 along with all others, except a very few of course.

Stop dreaming it would go to above $3 or whatever.
Just move on to a better sector and buy stocks with $10 minimum.

Do not play penny stocks, ever...

My honest advice today!

<< Previous

Bullboard Posts

Next >>

Three micro-cap value stocks trading at peak pessimism