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Cassandra

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Cassandra

Re: Cassandra post# 3

Monday, 01/21/2013 2:09:22 PM

Monday, January 21, 2013 2:09:22 PM

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Hopium

In securities trading a trader is said to be under the influence of the fictional narcotic hopium when she/he finds themselves deeply in the negative on the wrong side of a trade. The trader will continue to hold the position in the hopes that the security will return to the value at which they acquired it. (eg. staying long in a stock position when the price continues to plummet)

Source: http://www.urbandictionary.com/define.php?term=hopium

You see the term "hopium" used quite frequently on CNBC. It is similar to the phrase "drinking the Kool-Aid."

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