Stocks can correct on their own or with overall market corrections without any rhyme or reason by 10-15-20% and that’s how markets work. Sometimes there will be corrections in stocks post strong rallies. Other times it will be a range breakdown and is often followed by quick rebounds. Trying to figure out reason for each and every 10-15% drop is a futile effort and would lead to frustration. If I am expecting a stock to go up multiple times from my buy prices, I should be ready to suffer many such drawdowns over a period of time.
Simple reason for all these things is “For every buyer of a share, there is a seller and they both think they are smart. “
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