Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 quinlashon Apr 21, 2021 8:45am
112 Views
Post# 33035734

The Short Cover / Buy Process

The Short Cover / Buy ProcessThose who short shares borrow those shares from brokers and later have to replace those borrowed shares with ones bought on the market.  Their goal / expectation is to do so at a much lower price.  If there are no shares for sale at a price lower than where they took the short position out then they are forced to replace the shares at a higher price, this is where a short-trader loses money.

When you see a whole bunch of negative posts on forums you can pretty much be assured the person posting is not wanting the price to go up as they are likely "short on the stock"

Here is an article explaining the cover (buy) process
https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/short-covering/

If this is news to you then you have been missing out on the second way to make money on the stockmarket and likely fell victim to a short-seller spinning negative news on a stock forum or a article that was published that was particularly nasty about the company you invested in.  It is best to fully understand the short-selling process so that you understand more about why you will hear negatives on a stock when your researh tells you a completely opposite story.  

The more your research the company you invest in the easier it gets to pick out good information vs pure horse-shyte (that's Latin for False Information)     :)

Q





<< Previous
Bullboard Posts
Next >>