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clock Created with Sketch. 26/02/21
10:55
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Originally posted by Fixit
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Yes, KGN and TPW also trending down over the last days.... I don't see this as a sell down as volumes are relatively low. The US tech stocks selling down and a lot of people here thinking Covid is over time to get out of on line retail stocks. Plenty of nervous punters that saw KGN climb to unrealistic hights and thought this would follow. I think it will but it'll take some time and now is a good time to get in if you believe the fundamentals are good. I had this with KGN a few years back when everyone thought Amazon would take over. Also mistrust of management! MYD are doing it right and online retail is still good for me and many others! Happy to sit for 12 months and buy it down if continues. All IMO.....
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kogan report release today lets me know that these businesses have more risk than i would have anticipated. managers didnt even bother to explain anything or provide notes in annual reports. yikes
