KGN 0.00% $5.15 kogan.com ltd

Rollin over in the clover......., page-107

  1. 4,981 Posts.
    lightbulb Created with Sketch. 1104
    Guys,
    Not that long ago I made a public interest post that this stock would fall to $4.00. I was ridiculed and attacked for being negative. The basis of my logic was in part pure cynacism about a company whose founder sells a large percentage of his shares following a sharp price rise. Second point being that barriers to entry are low and margins are skinny. If Amazon is under pressure, Kogan is pure wishful thinking. Then I looked at the chart and oh dear what a set up. It has played out as expected, but yhe game isn't over untill Rusty offloads more stock. watch for the promotional push and the bounce. It may be you last chance to get some money back. Better luck in your next speculation Koganites and just remember, if it seems too good to be true, then its probably not true..
 
watchlist Created with Sketch. Add KGN (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.