Bear Closing

Think: Shorting. When you're bear closing a stock, you're betting that it will trade down in value.

You short DIS at $100, believing that ESPN overplayed their hand with cable operators and now they're going to get a carriage-ectomy. The stock trades down to $92 after the next earnings announcement, and you bear close your position, or buy out the short position in it, replacing the shares you borrowed to short the stock in the first place. You would then no longer hold a bear position in the stock. Pass the salmon.