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 ?
Well," replied the major, "these figures go to prove that the quantity of powder is not increased with the weight of the shot; that is to say, if a 24-pounder shot requires sixteen pounds of powder;-- in other words, if in ordinary guns we employ a quantity of powder equal to two-thirds of the weight of the projectile, this proportion is not constant.
Maston, "you will get to this, that as soon as your shot becomes sufficiently heavy you will not require any powder at all.
It's too bad the Powder of Life was all used up," remarked the shaggy man; "it would be a handy thing to have around.
A while ago the crooked Sorcerer who invented the Magic Powder fell down a precipice and was killed.
Say," said McGowan, looking up suddenly, "say, Ikey, ain't there a drug of some kind--some kind of powders that'11 make a girl like you better if you give 'em to her?
What did old Mombi the Witch do with the Powder of Life your husband gave her?
Well, I just stated that she used the Rollings Reliable in it, and that was why it turned out so well; and then, in the last paragraph, where PERCEVAL clasps AVERIL in his arms and says, `Sweetheart, the beautiful coming years will bring us the fulfilment of our home of dreams,' I added, `in which we will never use any baking powder except Rollings Reliable.
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.
Next she produced several packets of herbs and powders and began adding a portion of each to the contents of the kettle.
In South Kensington the streets were clear of dead and of black powder.
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.
Another trick I tried upon him, which he innocently came into also: his name was Ismael, which they call Muley, or Moely; so I called to him - "Moely," said I, "our patron's guns are on board the boat; can you not get a little powder and shot?