Pulling in their horns

Pulling in their horns

Investors selling off positions after a stock or bond market has increased sharply or setting up hedging positions to guard against a negative turn of the market.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Pulling in Their Horns

Informal; the practice in which investors close positions or set up offsetting, hedge positions when a security has recently seen a sudden increase in price. When investors pull in their horns, they lock in the gain they made from their positions. This happens in order to protect the investor from sharp turnarounds in price.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The case for independent audits is strengthened dramatically by the tendencies of today's market, including recent evidence that reinsurers may be pulling in their horns and that ceding companies may be faced with having to retain more and reinsure less.
Public securities markets are pulling in their horns and providing less access to capital, and the initial public offerings market is largely dead, especially in the high-tech sector.