takes courage to buy stocks again, one or two years later, when most people are bearish. Furthermore, the waiting period between these right times to sell and buy requires patience and hope. However, the person who follows either of the above methods renders an impor tant service; namely, his selling 'helps make the boom less danger ous. and his buying helps check the panic For this service an investor always receives a handsome re ward. Selling High and Buying Low It is important that an invel t decide in advance winch of the above two methods he is to follow. It is difficult to mix the two meth ods. If you are to follow the first, of "selling high and buying low.” it is usually best to confine your holdings to the a c t i v e popular Stocks, perhaps those known as the "blue chips'; while the second method often requires buying stocks of new and smaller companies with inactive markets. All purchases Should be confined to listed stocks. In either case, never buy on mar

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