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 > So now day traders are responsible for this Hexo debacle?

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Comment by Oldweedon Sep 14, 2021 11:23am

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Post# 33854856

RE:RE:So now day traders are responsible for this Hexo debacle?

Touran77 wrote:

trader53 wrote: What a joke this is just more proof that far too many have rose colored glasses on when it comes to Hexo. This reminds me of the Murray Pezim days only much more sophisticated. Visible Gold in the core often disappoints when the assays are done and I see Hexo in the same light. Hexo has diluted the hell out of all holders and chances are further dilution is in the works. The mantra started at $8.00 that this would be the last time Hexo traded under $10.00 then it went to $6.00 followed by $4.00 and now $2.60. Whats next? Obviously no one has the answer but only a fool does not understand that Dilution puts a ceiling on stock prices in the short to medium term.

[/quote

Day trading were part of the reason why it went from 3 to 14 and now are part of the reason why it went from 14 to 3. Pretty easy to see that when comparing with the sector as if it was only because Jexo was doing bad things, the other big LPs wouldn't have crashed as well.

GLTA and try and profit from those lows! :)

Tonto