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 > Hexo down .04 cents in pre market

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Comment by Bubula50on Jan 24, 2022 10:32am

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Post# 34352238

RE:RE:RE:RE:Hexo down .04 cents in pre market

Naiveinvestor wrote:

Bubula50 wrote:

Naiveinvestor wrote: But.... But just think of these low prices as a gift; an "amazing opportunity" to buy more and really teach those shorters and bashers a lesson..

As many will claim, the lower this train wreck goes, the better it is to buy more and "average down".

Naive Investor we think alike exactly

From

Naive Bubula ;)

It bothers me that so many on these forums give their "advice" without considering the consequences for anyone listening to them. This stock is clearly in deep trouble- and has been for a long time. There were some who even claimed not very long ago that after losses of hundreds of millions over a matter of months, that bankruptcy isn't even a remote possibility for Hexo and this is a stock where fortunes are just waiting to be had. Some guy even stated that he put his life savings into this stock! I sincerely hope that wasn't true because that person could very well end up Dire Straits if that was the case.

I understand people wanting to be optimistic and hopeful for their investment in this stock to turn around. But to aggressively dismiss people's warnings and label anyone saying anything negative about Hexo as "Paid Bashers" is ludicrous irresponsible. They want to treat this board as an echo chamber of positivity for a failing stock while simultaneously attempting to silence and/or belittle anyone who states any negativity about Hexo. I stated before that I don't like to see anyone lose money, but I question that sentiment when it comes to some people who give others false hope and dangerous financial advice.

I fully agree 100%
I really feel for the longs honestly and one investor here has convinced his family and friends into buying this at a much higher price.
I can imagine them all sitting around a large table with him at the top talking to them about the wonderful positives and them looking and believing their loved one/ friend.
And even as the SP drops, the guy and his partner in crime are still posting irrelevant information and are in complete denial.
So yea in all this i really feel for the innocent guys family that have lost gawd knows how much :(

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