KGN 1.50% $4.73 kogan.com ltd

Road to 10+, page-17

  1. 3,293 Posts.
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    I ignore those things as they are computer generated IMHO.

    The USA markets are taking a hammering as they were too expensive, Oz is much less expensive but we will go down in sympathy.
    Most of the trouble appears to be related to ETF’s, index funds, etc, so stocks in the indexes should get hit the hardest. The companies themselves should be ok (except financials that are involved in ETF’s, etc) so is a buying opportunity at some stage.
    KGN is only in one index, ALSI, therefore I think it should be less affected, however it has run very hard since June so will cause some selling pressure.
    I will not be selling KGN and will buy more if it goes below $5.

    You sound nervous; there is a saying “if you are going to panic, panic first”.
 
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