I do not panic buy and I certainly do not panic sell. Buy bearish and sell bullish - always. Price action trumps all but blood in the streets is cheap. Buy the fear, sell the greed, then bank the short.
Trader of options
Use Bullish and Bearish options to play the short term movement of stocks.
Focus on high beta stocks, Volatility Plays, and many others... Will use butterfly, condor, and credit spreads at times.