Evening star., 1929-11-27
II You Bought Stocks Too High.

II you bought stocks at too high 9
price and the recent bear raids reduced
the market or paper price Of your stocks
what may you do? You may sell out
and take your loss or you may sit tight
and wait until your stock appreciates
In price.
We cannot recommend either pro-
cedure unequivocally for the reason that
some women hold investment stocks Of
real worth and others hold speculative
or undesirable stocks Of which they
might dispose at once.
An oft.quoted axiom is to the effect
that the first loss is the easiest.
1t applies in the stock market par
ticularly when o falling market Is In
proRresS. That does not mean that We
would recommend that any woman sell
out substantial investment holdings. II
she has no need for her money she may
wait patiently, meanwhile taking heE
regular income from her investments.
Perhaps q few women still have mar
gin accounts that have withstood the
selling wave. We would advise them
to tighten their accounts a. much aS
possible. Their waits may be long, and
meanwhile they pay heavy carrying
charges. II Is possible tkat the latter
will preclude profits even should the
wait be long one.
We are occasionally asked by women
whether q particular stock will rise Oh
fall or whether stocks in general had
better be sold. Every woman with
stocks should ignore market action II
she can. and decide for herself, with the
aid Of others II necessary, whether the
stocks she holds represent good values At
their purchase price. That is the real
test.
A bad break or series Of them should
not frighten women with stocks owned
outright to take needless losses. Even
II one did pay a bit too much for a
stock, 10 may pay her to hold it. There
Is no actual loss, remember. until one
sells. Income remains the same In q
ma iority Of instances.
A glance at the quotation page will
give eloquent evidence that many stocks
purchased early this year or In the past
few years are held at prices exceeding
their present market value. In other
words, q host Of women are In the
dilemma we describe. Now IL the time
for patience and fortitude, always mind
full that these virtues are wasted II
ones stock Is not Of Investment caliber
"Over the Counter"
By turning to the financial page you
will 6nd q list Of unlisted stocks OF
securities and you may ffnd these under
the classification of oVer-the-counteI
transactions.
What is Of more direct interest Is the
fact that your investments will be dealt
in over the counter II they are unlisted
or II they have not been admitted u
trading by any recognized exchange.
Now, literally speaking, there Is nc
such thing as counter. It IA merely 9
term to express the fact that securities
dealt In In that fashion are not traded
in any formal manner or in any reeog-
ni2ed trading place.
Many women investors regard over
the-counter transactions as mysterious
doings.
AS matter Of fact, such transactions
are engaged In by stock and security
dealers, who trade somewhat after the
fashion of the old Curb Exchange In
New York City. which fiourished fol-
many years In the street before 1t sought
the shelter. Of = regular exchange
building,
The quotations which you read are
gathered from brokers who deal In
Over-the-counter stocks. The quota
tions may be gathered directly from
these sources, or your financial page
may use q recognised agency which