Common mental condition pertaining to a person who refuses to sell a stock on the stock exchange because he or she thinks it will go up in price. Usually a person suffering from hold-a-phobia has full control of the condition and can stop it at any time by simply selling the stock and taking the days gains. Hold-a-phobic tendencies develop usually when others around them are actively trading and taking the days gains; i.e. day-trading.
Doctor Franco diagnosed Francisco with a severe case of hold-a-phobia, because Francisco refuses to sell he 300 shares of Las Vegas Sands.
by MR. Dow Jones June 01, 2009