stale bull

stale bull

n
(Stock Exchange) commerce a dealer or speculator who holds unsold commodities after a rise in market prices but who cannot trade because there are no buyers at the new levels and because his financial commitments prevent him from making further purchases
References in periodicals archive ?
The $1,800 barrier was not to be broken however, as Chinese selling and stale bull liquidation during the afternoon brought the price down to a $1,787 close.
NICKEL: Having banged its head against strong overhead resistance at $7,350 last Monday, nickel encountered sizeable stale bull liquidation later joined by fund selling.
This market started nervously at the beginning of the week with some stale bull liquidation seen on Monday.
Wednesday saw consumer trade and merchant buying take the three-month price to a high of $7,880 at which level stale bull liquidation appeared.
Zinc: Another disappointing performance by this metal, with early strength to a week's high of $1,044 on Tuesday being halted by stale bull liquidation which eventually produced a week's low of $1,015 on Thursday.
Last week did see some stale bull liquidation as the market failed to re-establish itself over the $1,100 level.
There is now no ``overhang'' of stale bulls keen to get out but afraid the price would collapse if they tried to sell.
Stale bulls have been getting out and fresh support has not yet appeared.
Jeremy Batstone, of NatWest Stockbrokers, says: 'Many shareholders in Marconi are stale bulls.