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Show Buying Stock Is A Unique, Time-Tested U.S. Past-Time By EDWARD THORLIND Buying stocks is a great American past-time-and in a bull market such as Americans have enjoyed since last August, Au-gust, it's also usually fun. WITH THE market at an all-time all-time high, however, which has often hit in recent weeks, does one still find bargains in stocks? The answer is that the averages, such as the Dow Jones average, are only a guide. Individual stocks with bright outlooks move up in any market, if the company is going places. There are bargains bar-gains in every market, even in a sharply declining market. OFTEN THAT'S the best time to find bargains. When the momentum and mood is bearish, and few are buying, prices often become very attractive. Good buys are always al-ways available because there are so many thousands of stocks and some of the companies com-panies are going to improve their profits and value in any business trend. Blue chips tend to follow the widely-used averages closer than over-the-counter stocks, because blue chips are used by those measuring the averages, rightly so. MONEY CAN be made in over-the-counter stocks regardless re-gardless of the trend among blue chips. But over-the-counter stocks have moved up sharply in many cases in the present bull market and buyers should be selective. New and small companies are frequently intriguing, because be-cause of the low price per share. "In" industries tempt, but are-probably-oversold in the present market. FINALLY, most experts would agree, it's better to buy promising stocks and stick with them than to try to trade in and out of the market regularly. regu-larly. That style of investing requires enormous research, is expensive (commissions) and is hard on the nerves. |
