New to HotCopper and retail trading, so please play nice.
i thought the price of KGN was way too high last week and took out a sell position via CFDs and have been bleeding ever since.
I have also been following the status of the ACCC v. kogan.com proceedings in the Federal Court for misleading and deceptive conduct (https://www.accc.gov.au/media-release/kogan-in-court-for-alleged-false-or-misleading-discount-advertisements) and suspect from my limited general knowledge of consumer law, that there's a fair chance the ACCC will win.
The court schedule for tomorrow has listed a hearing for judgement of the case and I wanted to gauge whether the verdict will have a drastic impact on the current price. (https://www.fedcourt.gov.au/court-calendar/daily-court-lists/vic)
Would love to hear your insights.
ACCC V. Kogan: Judgement tomorrow AM
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 (20min delay)
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Last
$4.28 |
Change
0.180(4.39%) |
Mkt cap ! $430.6M | |||
| Open | High | Low | Value | Volume |
| $4.12 | $4.32 | $4.09 | $4.186M | 988.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 776 | $4.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.30 | 3000 | 1 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| KGN (ASX) Chart |