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

BLACKROCK Municipal Income TRUST > Desperate Shorts / Buy on Bashing

<< Previous

Bullboard Posts

Next >>

Post by quinlashon Oct 13, 2022 10:19am

170 Views

Post# 35022092

Desperate Shorts / Buy on Bashing

Ever wonder why someone on a stock forum would spend all their time bashing a stock and claim not to trade on it, own it, or have any interest in the stock ?

Here's why:

1) They are under contract to buy the shares as they "went short" on the stock. This is called "Short-Selling" and profits are only made when they BUY (aka Cover) their short position back cheaper than where they took out their short.

2) They are daytrading the shares or swing-trading the shares over a few days / weeks. Again they will want to BUY shares as cheap as possible in order to sell the again later at a profit.

Considering the desperate nature of the posts I am seeing, with a few posters appearing down-right in "Panic Mode Bashing" I would say most of these folks are short and are going to BUY to Cover their short positions soon.

Progress is being made on the US towards decriminatlize and eventual legalization. Any amount of progress reported out of the US has always moved the price of HEXO Shares with the high in 2021 being $14 after Biden took office and noted he would progress Cannabis.

https://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1dr223l-Anatomy%20of%20a%20Basher%20-%20Do%20and%20Don%27t.pdf

<< Previous

Bullboard Posts

Next >>

3 Mid-Sized Stocks to Consider This Season