BOSTON ( TheStreet) -- Individual investors are increasingly fearful as they grapple with wild swings in the stock market. Professional investors, on the other hand, say there are plenty of value stocks for those who can stomach the risk.The Dow Jones Industrial Average has swung wildly this month, rising and falling by more than 420 points in five out of nine trading sessions. But with many stocks trading at only 11 times earnings in a near-zero interest-rate environment, professional investors are turning greedy while the majority have become fearful. Brian Frank, manager of the Frank Value Fund ( FRNKX), says the valuation of his portfolio was the cheapest ever heading into second-quarter earnings, and that includes 2008 and 2009 when share prices plummeted during the heart of the deep recession. "Guess what? Now it's even cheaper," he says. "The fundamentals are still getting stronger, even if there is economic weakness in the future." While mom-and-pop investors succumb to panic and euphoria on alternating days, worried about the risk of holding stocks over the weekend after two days of gains for equities, Frank and other professional money managers are snapping up shares. "It's a summer sale. Everything is a lot cheaper and there are fantastic opportunities," says Philip Tasho, chief investment officer of TAMRO Capital Partners. "You want to buy the best when they're depressed. You have a lot of companies falling with the whole market coming down. With everything on sale, it's a great time for an individual investor to pick up the pace and buy some high-quality companies." "When the market goes down 5%, people on CNBC start screaming and people call their broker to sell at any price. This is the time we go to work. This is when we take advantage," Frank says. "Whether or not someone wants to pay $45 for my stock today and then $40 on Monday because there were some fears over the weekend, that doesn't affect me. That's just what the crowd thinks about it over the next few days. It doesn't affect the fundamentals.