Liquidity is drying up in the market and stocks are going to get sold off even if they just produce decent results. So one should expect 20-40% correction in stocks, regardless of the results, that have gone up one way in last 2 years thanks to almost unlimited liquidity in the market. And I won’t mind that kind of correction if I am sitting on 2-3x gains.
LT foods still has only corrected 20% from the top which is still not significant when many small-mid caps have gone down by 30-40% and I expect some more selling in the counter especially given the average results. And that should give opportunity to those still bullish on stock to average up.
