Since inventory issue, KGN is a shorters darling. It’s always in...

Since inventory issue, KGN is a shorters darling. It’s always in the top 3. Today it’s tumbled 15%. Shorters gonna try to take it to $10. That’s the main support. In few weeks it’s gonna be heading towards 13.45.That’s the main resistance. They make money both ways,Only noobs like us suffer.
Sharemarket is a calculative gambling, no matter whatever you say. Same goes for the companies. They take bets too. Sometimes bet goes against you. That’s what happened with Kogan. But, this bet might become a genius stroke in next four months. So many other retailers are already warning people of low stock and supply chain issues. It’s the same reason driving up the used car prices. Sydney and Melbourne lockdowns will shift people towards e-commerce.That puts Kogan in prime position for Christmas period.
Kogan can go up and down 10-15 percent with in a day. It has only 106 million SOI. It’s really easy to manipulate. So, Let’s see what happens over the next four months. I’ll attach the article regarding the inventory. Ignore the noise, believe in yourself .

https://www.google.com.au/amp/s/amp.theage.com.au/business/companies/kogan-cuts-dividend-as-inventory-woes-sends-profit-tumbling-20210824-p58lct.html