Unwind
Categories: Investing
You "wound" your position, buying just 10,000 shares a day for 3 months, so that you wouldn't move upward on your own trades, the shares of whatever.com, which traded only 80,000 shares in total each day.
You averaged in at $23 a share, thinking that, when the new regulations came out, membership services would grow steeply. And they did. The shares popped to $35 a share, and now you want to unwind your position carefully backing out of the room, selling 10,000 shares a day for another 3 months, so that, on the thin volume of whatever.com, you don't crash the stock on your own volumes of supply.
