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panic buying

   Also found in: Dictionary/thesaurus, Wikipedia 0.04 sec.
Panic Buying
High volume buying brought about by sharp price increases.

Notes:
The main problem with panic buying is that investors are not evaluating fundamentals. Instead, they are blindly buying before prices rise even more.

panic buying
A flurry of security purchases accompanied by high volume and sharp price increases. During a period of panic buying, buyers do not have time to evaluate fundamental or technical factors because their primary goal is to acquire securities before the prices rise even more. For example, panic buying occurred on the day following President Lyndon B. Johnson's announcement of his decision not to run for reelection.
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