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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 pikeroo_007on Jun 24, 2020 11:48am
104 Views
Post# 31185971

Market makers in full control

Market makers in full control MM's are in full control of this stock.  Don't pay attention to anything that is being said on this board.  Expect the unexpected as they will drive your emotions up and down a rollercoaster ride.  The 1.00 support everyone is talking about can be wiped out in an insant by these guys and then it will be too late you will be wiped out in heavy losses.  Yesterday's run up to 1.16 was bull$hit by the MM's they showed their might by driving it up quick on low volume and then dumped all day to the excited retail.  Watch what the dowjones will do, as Hexo will follow no matter how good the projections of earnings will be or new incoming products.  With Covid19 spiking it does not bode well for the market.
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