Well, the issue has to do with profits vs share price... Ancient discussions...
You can only get a bargain when folks are depressed about the future... AND do your research!
My biggest 'miss' was ARM... It had gone down to 3/- & I thought [well, derided] it coz I thought it had no future... I even met the CEO at some party & spent a few minutes with him...
He explained the strategy but I was tone deaf... It was his company but I was close-minded. I did not even buy a few shares!
I had Bamburi & even some EAPCC... Bamburi made me money then I sold out. EAPCC - the less said the better!
ARM went from 3/- to 200/-...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett