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 > Bullish Hammer

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Comment by mydogchachon May 04, 2021 10:25pm

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Post# 33129851

RE:Bullish Hammer

ArnoldLayne - (5/4/2021 8:15:27 PM)
Bullish Hammer

Formed today. Interesting to see at least. A prelude to the much anticipated short squeeze that is coming.

Oh Arnie - when the price was $8.30 at 3:00pm yesrerday - and the price is $8.31 at close today, there was no 'bullish hammer', there was a one day dip and recovery.
Dramatic pumptarding.

Regardless, a bullish hammer doesn't necessarily suggest that a 'short squeeze is coming' - curious as to what the impending big event you think is coming to cause the short squeeze?
Hand cream? Chewing gum? The Nunavet licence from Zena?

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