It's an obvious over reaction again - this company has grown customers from 1m to almost 1.5m in a year... money is rolling in, albeit not at the faster pace. Shorters are playing the 'amazon' card which is a load of rubbish - the growth rate in customers for kogan is still huge even with amazon (although we have to wait until the AGM or next half year to see if Amazon is having any impact as Christmas period is critical - I suspect not, Kogan still has quite a lead). That seems to be the 'main' reason for the fall. I must admit, it is not a good look for the founders to be selling just prior to the announcement in early September - to my understanding however it wasn't the first time they sold.
KGN Price at posting:
$2.91 Sentiment: Hold Disclosure: Held
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