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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

BLACKROCK Municipal Income TRUST > .87 cents is the next major
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Comment by quinlashon Jun 22, 2020 10:45am
74 Views
Post# 31176375

RE:RE:RE:RE:RE:RE:.87 cents is the next major

RE:RE:RE:RE:RE:RE:.87 cents is the next majorWhy not short the thing if you think .75 is possible... seriously, go short, make money on the downside then load on your buy target.. how hard is that?  If you're so confident of it why now ??

Does it have anything to do with the uncapped losses a short-seller can suffer from going short and the share price going up ?

.... OR.. Are you already short and just need to convince investors to sell so you can profit ??

Humm...

Q


KantoTerror wrote: Nobody expected this to reach 50c but it did...I place 75c on order just because for all the comments here...most people were wrong...this stock wasn't suppose to look back at lower SP from $1.58...now we're here...
Analyste-57 wrote:
Madmax 69
 
You say that when the market places it at the bottom of .80c you will buy !!
 
I tell you that you will have to be careful with this low of .84c because it will be a great resistance to cross and very possibly that traders will possibly take advantage of this resistance to buy and thereby make $$$$ for another rise in action.
 
I do not believe in a drop to .60c. It is possible but I very much doubt it.
 
Everything that goes up goes down, and everything that goes down goes up all the more reason. The cycles have to go




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