Usually means: Buying with expectation of increase.
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We found 10 dictionaries that define the word long on:

General (7 matching dictionaries)
  1. long on: Merriam-Webster
  2. long on: Oxford Learner's Dictionaries
  3. long-on, long-on: Collins English Dictionary
  4. long-on: Wordnik
  5. long on: Wiktionary
  6. long on: Dictionary.com
  7. long-on: TheFreeDictionary.com

Miscellaneous (1 matching dictionary)
  1. long on: Idioms

Slang (1 matching dictionary)
  1. long-on: Urban Dictionary

Sports (1 matching dictionary)
  1. Long on: Sports Definitions

Definitions from Wiktionary (long on)

noun:  (cricket) a fielding position on the leg side, about 70° forward of square, designed to prevent runs from drives or to catch lofted drives

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