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
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Yes you are right about Amazon it is very much overhyped. Amazon...
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Last
$4.36 |
Change
0.090(2.11%) |
Mkt cap ! $438.6M |
Open | High | Low | Value | Volume |
$4.30 | $4.41 | $4.28 | $1.717M | 393.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 20790 | $4.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.37 | 649 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 13264 | 4.360 |
1 | 2000 | 4.320 |
1 | 649 | 4.310 |
2 | 2649 | 4.300 |
1 | 649 | 4.290 |
Price($) | Vol. | No. |
---|---|---|
4.370 | 649 | 1 |
4.380 | 649 | 1 |
4.390 | 649 | 1 |
4.400 | 12860 | 9 |
4.410 | 929 | 3 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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KGN (ASX) Chart |