Take a powder

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Take a powder

Temporarily cancel an order or indication in a stock, while unrepresented interest still exists. See: Back on the shelf, sidelines.

Take a Powder

To temporarily cancel an order to buy or sell a security when the investor still wishes to buy or sell it. One takes a powder when one believes that one can pay or receive a better price. See also: Sidelines.
References in classic literature ?
We were all hard at work, changing the powder and the berths, when the last man or two, and Long John along with them, came off in a shore-boat.
Then you pour the powder in, and get hold of a bit of felt from some door, and then shove the bullet in.
The officer had followed the brilliant train in the air; he endeavored to precipitate himself upon the barrel and tear out the match before it reached the powder it contained.
So she set down her basket and began fumbling in it for one of the precious powders she had obtained.
Perhaps the Powder of Life couldn't either," said Ojo.
I think it would be perfectly disgraceful to write a story to advertise a baking powder.
Burnett, he look 'm along Winchester, look 'm along cartridge, look 'm along revolver, look 'm along black powder, look 'm along dynamite--my word, he cross too much, he give you three fella year along jail.
It was called the Powder of Life," was the answer; "and it was invented by a crooked Sorcerer who lived in the mountains of the North Country.
So there will be no loss whatever of gas, and all the expansive force of the powder will be employed in the propulsion.
To you alone of my acquaintance would I intrust a powder like that.
The slanting rays of the sun were still hot; his clothes, soaked through with perspiration, stuck to his body; his left boot full of water weighed heavily on his leg and squeaked at every step; the sweat rain in drops down his powder-grimed face, his mouth was full of the bitter taste, his nose of the smell of powder and stagnant water, his ears were ringing with the incessant whir of the snipe; he could not touch the stock of his gun, it was so hot; his heart beat with short, rapid throbs; his hands shook with excitement, and his weary legs stumbled and staggered over the hillocks and in the swamp, but still he walked on and still he shot.
It happened that he had appointed to go out in this boat, either for pleasure or for fish, with two or three Moors of some distinction in that place, and for whom he had provided extraordinarily, and had, therefore, sent on board the boat overnight a larger store of provisions than ordinary; and had ordered me to get ready three fusees with powder and shot, which were on board his ship, for that they designed some sport of fowling as well as fishing.