From Marketwatch:
Apple Inc. bounced back on Monday as bold investors used a decline of up to 13% earlier in the day to buy the iPhone maker’s stock on the cheap. As the saying goes, “be greedy when others are fearful.”
Those who were gutsy enough were rewarded, but bargain buys don’t necessarily have to be high-stress swing trades designed to make money in a matter of minutes. Some of the most profitable purchases for value investors can be long-term positions initiated in good stocks during a bad market environment.