The BuY And HOLD strategy..Essentially the investor buys a stock and intends to hold it for many, many months, even years...
MOST of the PUMPERS and blow HARDS on this board are "buy and holders", otherwise known as "Bag holders."
They have guessed at buying the stock and then held it---even when the stock breaks lower on a weekly or monthly chart...
Using the buy and hold strategy when buying speculative pot stocks will likely cost you a lot of your money.
Why???? LEt's look at HExo.. The stock moved up to $14....Which is fine. But many people bought at the highs $6, $8,, 12... and kept holding.
Even as the share price began to decline on a weekly and monthley chart.
Why?? They probably never looked at a f--king chart.
Mark my word, this guy CORN HOLE, otherwise known as TONTO is a bagholder..
WhY ??? HE cAnnot read a chart... He is holding shares below the purchase price