The depth is SO bullish now as we can see buyers are three times the sellers. The announcement was positive +++ (THREE pluses) but people did not understand. They saw some people selling and they said: might as well cut losses. I believe the mystery investors who bought the 7 million shares are not stupid, they know they are getting benefits out of it. Also, KOGAN has got the whitegoods, insurances, NBN and much more to make money from. I believe $5.50 is a good entry point for investors who are looking at long term investment.
Anyway, all speculation until we receive actual results, but for me, clear uptrend has begun.
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