In 2010 British Petroleum had its worst ever oil spill in the Gulff of Mexico. On the 25th June 2010 the shares fell to just under 27 dollars. the news was grim, the pundits and reporters were talking in terms of huge losses and a possible break up of the company
Everyone who had shares was looking to sell in full expectation that prices were plummeting. And sell they did - straight into the hands of the smart money professionals who bought cheap. Within six months the price of the stock doubled - buy cheap, sell back when the market rises. That's how the game is played. Incidentally the day BP said publically the well coupld not be capped was the day they actually capped it!