From Wikipedia, the free encyclopedia
Bagholder
In financial slang, a bagholder is a shareholder left holding shares of worthless stocks.
The shareholders could be caught up in a corporate bankruptcy and accounting scandal, as was the case with Enron and Worldcom, or the victims of a pump and dump scheme, in which naive and unsophisticated investors fall victim to e-mail spam, rigged stock tip forums, or other tricks used by stock touts to drive up the shares of worthless penny stocks.
The word is derived by combining shareholder with the expression "left holding the bag."
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Since this turd hit 52 week low again........does this mean there were a lot of bagholders made along the way?
I hope the baggies that bought over $3, $2, even $1 are having a great day!