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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

Comment by quinlashon Apr 17, 2021 7:31pm
76 Views
Post# 33017967

RE:RE:Just a question on Dilution

RE:RE:Just a question on Dilution
Oasisjunior wrote: I just bought some the other day,,,, got myself leveraged down to 19.85,,,,, we got along way to go to break even, but i'm in it to win it..


Hold in there or average down the best you can, give it enough time and (personally I believe) you will be just fine. 

Another alternative is to put a block of cash in play that would be dedicated to just swing trades.  For example, $1000, buy as low as possible then a sell at a higher price enough to pull back out the $1000.  Whatever profit you would have made would stay in as "free shares" and the result is that your sharecount goes up but your total (original) cash in play remains the same.  Rince and repeat on dips and runs and eventually your average will drop way down and your total investment will be the same +/- your swing trade dollars. 

Once your average comes down to the current shareprice you could do a larger rebalance and bring your total cash in play down to a level that you would be more comfortable with.

Hope that helps.  You can run screnarios on that trading appoach on a spreadsheet to see how it would work.

All the best

Q

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