pocono

Sell in May and Go Away: Good Advice?

well LVS IS OPENING A NEW CASINO IN BETHLEHEM, PA SHORTLY, BETWEEN PHILLA AND THE POCONOS IN THE OLD BETHLEHEM STEEL BUILDING. I SEE LVS RAISING UNTIL THE OPENING. JUST THE OTHER DAY WHEN CASINO STOCKS WERE UP, LVS WAS UP TWICE AS MUCH


On May 02 10:00 PM Zachary Scheidt wrote:

> MHFT - Thanks for the advice... while it sounds great and I certainly
> hope to get the 9 iron out at least a few times, your comment makes
> me consider buying LVS :-) Hope you have an awesome summer and get
> a great buy on some property.
>
> LilBob - I've got some rental property and I think you're right for
> the long-term. I would caution to make sure you are adequately capitalized
> before making a rental purchase. Expect some time here and there
> with no tenants and make sure you can carry the property even if
> it doesn't rent for quite some time. Personally, my one tenant just
> lost his job which makes the situation a lot more interesting...
>
>
> Freya - an interesting thesis for sure. I certainly expected this
> rally to last beyond the one or two weeks the talking heads had called
> for, but am getting a bit uncomfortable with extended long positions
> now. Maybe I'm not alone - if so then your argument makes a lot of
> sense. But it seems to me people are getting a bit too comfortable
> for my liking.
>
> At any rate, there will be plenty of opportunity on an individual
> security basis. I disagree with Mad Hedge Fund Trader and think you
> can always find good risk-reward trades if you look hard enough.
>
>
> Thanks for the comments guys!
> Zach
> zachstocks.com