panic buying

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Panic Buying

A situation in which many investors buy a security on high volume, leading to a rapid rise in price. Panic buying usually occurs when investors believe that a security or market is already rising and they wish to buy it before the price rises even more. Panic buying may or may not be the result of an overreaction. Rules on many stock markets limit the amount by which a security can rise in a single session to reduce the pressure for panic buying. See also: Panic selling.

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.
References in periodicals archive ?
New York City Mayor Michael Bloomberg has urged people not to succumb to panic-buying and assured there is enough supply.
Joiner John Grayson, 41, said: "We're going to bring about a real shortage of fuel just by panic-buying even if there's no strike.
The explosion of panic-buying increased pressure on the Government after Cabinet Office Minister Francis Maude's now infamous comments telling motorists to have "a bit of extra fuel in a jerry can in the garage".
Summary: Ministers are to discuss emergency plans to deal with a tanker driver strike with haulier bosses, as panic-buying continues at the pumps.
Sales of petrol were up 45% on a normal Tuesday yesterday, and sales of diesel up 20%, in what appeared to be a sign of panic-buying by motorists, said Brian Madderson of the Retail Motor Industry Federation, which represents independent forecourt operators.
And industry bosses warn America is making the situation even worse by panic-buying more oil than it needs.
He said: "This affects everybody's daily life, but perhaps people are being selfish - like the selfish, mindless, minions who have been panic-buying because they wanted to look after themselves.
"What we may see is an implementation of a 'minimum purchases' system to stop any panic-buying, but this wouldn't have an effect on anyone's lifestyle."
There are concerns of more panic-buying this month after chaos at the pumps in March when many forecourts ran out of fuel.
WHAT fools all these people who've been panic-buying fuel over the past few days must feel now that the Easter fuel strike threat is over.
The plan backfired when Mr Maude told drivers to use jerry cans to hoard fuel, triggering frenzied panic-buying. Chaos spread even though no strike had been called.
A spokesman said: "This is exactly what we didn't want: people panic-buying.