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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 > Short squeeze
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Comment by CanadianKiaon Nov 07, 2020 12:13pm
151 Views
Post# 31857607

RE:Short squeeze

RE:Short squeezeWeed stocks have taken a beating this year. I think with Biden, the speculators are alll going to pour back into these stocks and drive up the prices again and destroy a lot of shorts temporarily. 

the problem is that, money and facts speaks volumes when it comes to buisnesses. at some point, the evaluations will be so far fetched that the same process will happen in reverse. once a company like HEXO trades at 5-10 bucks wihtout any fundemental growth projections in their sales, the shorts will start winning again. 

i bought into these companies on friday, since we will most likely see a wave of optimism in this sector for hte next little bit. 

just my opinon. 
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