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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved