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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 Giocatoreion Dec 03, 2020 10:35pm
297 Views
Post# 32034721

Perfect Trading Stock!!! Cheap! Liquid! What a Dream!

Perfect Trading Stock!!! Cheap! Liquid! What a Dream!Cheap! $1-$2 ! Trades huge so very liquid! on NYSE and TSE! 500 million! 

So where are we now?  Looking at 8:1 RS!  Reduce 500 million to 60 million.!  Value goes from $1.5 to $12. You now need $1.20 to get a 10% swing vs $.10.  The thrill is Gone!  The 150-200 million trades in the last 3 days means that all the smart shorts covered!  However the retail shorts are still there.  So, the 1st qrter report will yiels a nice return. This  is the 1st full qrter with beverage sales. Sebastien has finagled a way in which to report 100% of beverage sales.  Truss did not apply for a license til late October, which means that Hexo has to report all the Truss sales. WOW! That should be $5-10 million.  Add the battle to stock up all the stores in Canada - 1,000 and they shoud easily reach 40 million for the quarter maybe even $50 million, they realize huge Gross Profits because of last quarter's inventory write downs.  Wow break even territory! Then there is the short interest effect. We could easily see $2.00.  Sebastian & his ilk could cash in on another $50 million in stock options, the RS goes through. Life is Great and we all have a Great Christmas, except for the retail shorts! Oh then there is Covid! But no more Trump!  Merry Christmas Everyone!
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