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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 Keeleron Jan 15, 2023 8:45am
247 Views
Post# 35224101

There, there, tonto - it's going to be okay.

There, there, tonto - it's going to be okay."You bought at 15.5 and apparently sold at 12"

"Sadly tho I do think despite everything that you made a mistake selling at 15."

I'm not sure bubula has made you feel better tonto - so I'm here to help.

Just to recap.

As an expert technical analyst, your statement - repeated over and over - was that Hexo's bottom was in at .15 according to your analytic skills. According to your Stockhouse posts, you waited and posted for years for this opportunity to invest in Hexo.

Obviously though, your charts didnt account for the reverse split or release of the disastrous Q1 financials - and you either simply forgot to take real life events into account as you studied your computer screens, or chose to ignore them as insignificant factors comapred to your technical analysis.

SO - you bought pre-split and pre-release at .155, which was followed the next days with a share price drop to the real bottom of .085 cents.

BUT - because you ARE a clever informed investor - you quickly sold at .12 cents to minimize your loss. Perhaps this was yet another investing mistake?

Because, as bubula says - the share price has rebounded to .14 cents - and if you had held the pruchase you waited for a year to make, you would actually be up on Hexo - or at the least close to breaking even.

Many mistakes, one trade - based on faulty technical analysis and poor investment acumen.

Perhaps you should purchase at the current .14 cents - and hold for a 'long' period, waiting for U.S. legalization. This is quinlashes strategy - and his track record speaks for itself - and you guys generally agree on all things Hexo - remember when you called SSL a 'visionary' and perhaps the best CEO in the cannabis sector, with his negotaitaion skills alone?

But this .155 investment is hardly your first mistake - just look at your prediction of $400 million in sales for Hexo, with the acquisition of Redecan. If you recall, actual sales were $190 million.


Hope this makes you feel better.
God Bless.



Touran
Both you and I made silly errors buying way too early.
Had we both waited we would be financially healthy .
Rewarded by Hexo 
You bought at 15.5 and apparently sold at 12 .
( Not mocking by the way )

And I bought a lot not going to brag how many shares slightly higher. Dumb thing for us both to jump in and just before the RS.

But
I'm still holding and hoping maybe I will be out with a profit next week as I want to put the money into a more healthy stock that is about to run.
Sadly tho I do think despite everything that you made a mistake selling at 15.

Bubula

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