Yes you are right about Amazon it is very much overhyped. Amazon...

Yes you are right about Amazon it is very much overhyped. Amazon already has massive sales in Australia anyway and I have heard that 45% of their wage bill in the US is covered by Govt subsidies, a deal they are unlikely to get here.
The recent sell off is the first that Kogan has done since setting up the business I believe and the sophisticated investors concerned were happy to pay $4.25 per share.
I have made lots of quick profits on KGN by trading it in the past but my recent purchase at $3.95 was bought on the understanding that I was buying in to hold longterm as the price was at a point where it usually bounced back and I didn't anticipate getting in any cheaper.
The latest dip was I think merely a response to the stock being talked down by some brokers as a result of the cash flow report. I have posted EquityStory's take on that later in the thread.
In the meantime the share price is on the move back up by 3.95% already today so I am definitely happy to hold. Even at these multiples. And if my capital wasn't tied up elsewhere I might be tempted to increase my holdings