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.

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BLACKROCK Municipal Income TRUST > Why is everyone talking about HEXO?

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Comment by Jefe127on Jun 28, 2020 6:11pm

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Post# 31201017

RE:RE:RE:Why is everyone talking about HEXO?

only an idiot would place a short on a stock so close to it's 52week low and risk unlimited losses... BUY and HOLD!

quinlash wrote: Sounds like you believe there is an opportunity to make money on a downward move in the share price. I absolutely do not agree with the following play however if you are 1000% sure you can try something called shorting.

Here's How it Works
https://www.youtube.com/watch?v=CAs_aX95tVQ

Here's why it's not a smart move
https://www.youtube.com/watch?v=6T0MSUjsHlo

Here's what happens when you get it wrong.
https://www.marketwatch.com/story/help-my-short-position-got-crushed-and-now-i-owe-e-trade-10644556-2015-11-19

Now, if a short-seller wants to "help" drive the price downward they can go onto chat forums about the stock and start posting really negative things proclaiming the stock will go down etc etc etc... those sort of post are done by people who can be considered HUMAN GARBAGE as they are really trying to scare investors into not buying or selling their current shares... bit of a DIRT BAG move but who cares right? It's not the short-sellers concern if another investor (especially new investors) get sucked into garbage posts on a forum.

Here's the Basher's Handbook to help explain how it works
https://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1dr223l-Anatomy%20of%20a%20Basher%20-%20Do%20and%20Don%27t.pdf

Anyhow, something to consider, just try and play straight-up on charts, typical stock moves and such, don't be a dirt-bag.

Q

stocktradinguru wrote: Hexo has a Cash Flow issue, so they delute the share price by issuing stock to raise cash...

And, despite the higher earnings last quarter, the EPS is still -1.59$$$

There will be another runup prior to next earnings...

In the meantime, HEXO's share price continues to falll----all the way from $1.73 to as low as .93 cents on Friday...

Ocassionally, the stock has traded in a rage for a couple of days...

We are still seeing a lower high share price for the week, and a lower low price for the week--/in comparison to the previous week....

And so, after the high----the top at $1.73, Hexo's share price has tanked almost almost 50 feckin %.,...

We are not at the bottom yet...

As I have stated several times, Hexo has a major support at

.91 cents

.87 cents...

I expect Hexo to drop to .87 cents or lower this week....

we could see support and resistance between

.60 cents and .87 cens

This summer----like July...

The knife continues to falll.....

all-time low is ??? .57 cents

with the share delution, Hexo could easily drop to this price...

Losing $1.59 a share is NOT a good bet, unless you want to day trade or swing trade the stock...

And for those who like to gamble, you can always buy in lower as the price drops---which reduces your average share price....

I expect a lower low tomorrow----below .93 cents.