"Bagholding" works, as long as the company doesn't dilute into the float, especially since "dead" stocks you're able to pick up shares dirt cheap from folks who either need the cash or have no patience. That means you scoop them up on the bid or a very low ask. A few slaps later you could be up hundreds of %.
I can list probably six 10-100 baggers that I banked on in the last year or two from having to "baghold" for 1-5 years. Is it luck? Sure, but the winners also severely outweigh my losers, so should I stop? No thank you.
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