bid (something) down(redirected from bid it down)
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.
Farlex Dictionary of Idioms. © 2015 Farlex, Inc, all rights reserved.
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.
McGraw-Hill Dictionary of American Idioms and Phrasal Verbs. © 2002 by The McGraw-Hill Companies, Inc.