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
$4.17 |
Change
0.000(0.00%) |
Mkt cap ! $420.4M |
Open | High | Low | Value | Volume |
$4.21 | $4.24 | $4.12 | $3.020M | 723.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 5621 | $4.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.18 | 4400 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5578 | 4.160 |
3 | 7776 | 4.150 |
2 | 1776 | 4.140 |
1 | 776 | 4.130 |
6 | 22272 | 4.120 |
Price($) | Vol. | No. |
---|---|---|
4.180 | 1986 | 2 |
4.190 | 6084 | 2 |
4.200 | 1796 | 2 |
4.210 | 776 | 1 |
4.220 | 5732 | 3 |
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