TeachMeFinance.com - explain Holding the bag
Holding the bag -- A Wall Street colloquialism ; said of an
unwilling buyer. For example, a speculator or a pool may
have arranged to buy a certain amount of a particular stock in
expectation of an advance in it only to find out when the proposed
amount has been accumulated that it is necessary in
consequence of free offerings to continue purchases to prevent
a fall in the price. If the speculator or pool keeps on
buying he or it is, in Wall Street parlance, holding the bag
that is, receiving stock that others wish to part with.
A speculator or pool may hold the bag in grain, cotton,
coffee or any other speculative commodity as well as in a
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