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 ?
As far as I'm concerned we've made offers for players and it's well within their rights to turn those bids down.
In the summer, there was a lot of interest, but we turned the bids down because they did not meet our expectations in terms of what we had in mind.
Dealmakers say potential sellers of oilfield assets are now discussing bids they would have rejected a few months ago while the changed outlook for oil allows buyers to adjust bids down.
Unfortunately we have had to turn some bids down but I want to thank everyone for applying and I am heartened by the amount of good work going on to help communities across the county.
This reverse auction ensures consumers get the best deal possible as it drives bids down to the lowest level possible.
With this in mind, the London bid was named alongside those of Madrid, Moscow, New York and Paris as the IOC cut the nine original bids down to a final five in May 2004.
The trader said there was talk of dollar bids down towards 76.
This drives bids down across the sector and forces suppliers to become engaged in a race to the bottom.
Cardiff turned both bids down and plan to keep the two players this time around as well.
Worcester had a slew of tying bids down the stretch, perhaps none better than when Graham Mink was denied on the doorstep with 2:39 to play.
Derby have already turned two or three bids down from Everton.
However, as distance to the landfill decreases, the amount by which knowledgeable buyers bid down prices increases so that at a hypothetical distance of one mile, the amount by which a knowledgeable buyer bids down the price of a home is about 10.
Part of the problem was corruption; part of it was poor design and execution on the state's part; and part of it was a decision by the state administrator (under pressure from the legislature) to force bids down as low as possible.