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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 5:11pm
104 Views
Post# 31187884

Don't short Hexo

Don't short HexoI am repeating myself here but i would certainly not short Hexo as I do believe in their business model. If i were to short i would go after more fundamental weak stocks like carnival cruise lines or chinese state listed stocks in the states. Hexo's business will flourish in the future why would i short that? What worries me is the price action in the short and medium term as the stock market seems to be poised for a rip to hell. Hexo will not be any different if the market goes for a rip. StLouis and his market friends could very well take us for a painful ride before exposing any of the rose colored future Hexo might have. I have seen so many ceo'$ lie through their teeth before. Dya was one where ceo had promised 180 million revenue which was never hit. St Louis did the same thing with his 400 million. History repeats itself don't cling to pipe dreams. Watch where the action takes the shareprice....if it goes sideways. Run and run hard....bottoms can be far even for promissing companies like Hexo.
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