Fear is one of basic elements to buy low Market is a war place. It sheds the panic and fear when the warriors have been completely defeated. In the fear and panic, the best services to them are that you buy what they desperately want to sell, which usually means lowest price or not far higher than the lowest price. Generally speaking, it is basic rule for business: that is "buy low and sell high." Fear is the greatest buy signal ever seen in the stock markets if you have the cash reserve and could afford to wait for hopes and reliefs to come back. 1. This overpowering emotion flares fast, driving excessive selling that rapidly hammers stock prices down to irrational oversold levels. 2. These fear-driven lows are the ideal time for anyone to buy low, necessary before selling high later. 3. Provocatively stock fear has an effective ceiling, absolute levels that demand aggressive buying. All of value investors and wise speculators are interested in this concept, for good reasons. If stock fear has a ceiling, it would flag the highest-probability-for-success buying opportunities ever seen. Whenever this ceiling was hit in the future, it would be the ultimate signal to boldly deploy capital regardless of events. In the market there are two important matters to decide the profit: 1. the time and time period for you to buy and hold 2. the price set by the market sentiment, which will define the cost and profit in the time and time period. Quality is not a independent variable for a warrior service business. It has to be linked with the price. 1. Over-paid quality is bad as the craps you pay too much for its remaining value! If you paid $135 for RIO shares, you are craps. 2. If you pay BKP at $0.003 and sold it at $0.03, BKP could remains to be crap but if you have reasons to buy and sell, you did good job. If BKP gets the shale oil, it would definitely be re-rated its $0.003 price would be extremely low cost for shooting-into-sky effect. Fear ceiling would generate the worst price or lowest price at bottom channel. If you could pick up the lowest price constantly, you have won the battle or service business in more than half way.