bid (something) down

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bid (something) down

To decrease the value of something, usually a security, by offering to pay lower and lower prices for it. Only buy that stock if you are able to bid it down first.
See also: bid, down

bid something down

to lower the value of something, such as stock, by offering a lower price for it each time it comes up for sale. We bid the price down and then bought all of it. I could see that the traders were bidding down the price, but I didn't want to take the risk.
See also: bid, down
References in periodicals archive ?
This will enhance cutthroat competition among contractors bidding down salaries and benefits of their employees,' it said.
Another method that many experienced bidders use to slow the bidding down is by offering just a PS500 step increase in the price, referred to by the auctioneer as "a half".
There would be fewer distressed homes on the real estate market, bidding down prices.
But it is thought it will close the bidding down to one final party to iron out final details ahead of an announcement early next year.
Private buyers have maintained an average yield on their acquisitions of just above their financing costs, but other buyers that are not as leveraged, such as the institutions, have been bidding down cap rates for prime properties.
and when the company reaffirmed its full-year earnings outlook, a disappointed Wall Street responded by bidding down its shares.
Reverse auction is the process of bidding down the cost of a contract whereas common auctions ask for buyers to bid up the price of an item.
However, that UK retailers who are used to bidding down the market will have to change tack if the shortage of raw material, particularly in Greece, worsens.
The league's media advisory board, including Roger Mitchell and Chris Robinson, have narrowed the bidding down to two television companies, Wark Clements TWI and Granada.
The horse is owned by Dublin solicitor Patrick Delaney jnr, who was bidding down the phone from Ireland with his agent.
In transactions where purchase prices are extremely low compared to others in the neighborhood, and in transactions among family members, the price is bid down by extraordinary percentages, while adjacency to a railroad results in the bidding down of price by 6.
In fact, these and other signals led investors to bid up Wells Fargo stock prices by some 15 percent while bidding down AT&T's stock by 10 percent.
Borjas co-authored a study for the National Bureau of Economic Research which concludes that low-skilled post-1965 immigrants compete with native-born low-skilled workers not by taking jobs, but by bidding down wages at the low end of the pay scale.
In order to participate in any of this mind-boggling action the player must first choose one of the eight International racers to strap onto the board and do their bidding down the mountain.