JAZZ did something like what you wrote. It was at

JAZZ did something like what you wrote. It was at .20 for a long time, then about a buck, then it skyrocketed. When it came back into the 20's after running to the 60's, a friend told me to buy it. I said "ho, it's still overpriced" and felt very smug when it fell back to 17.

Then it ran to 100, and then even higher.