It perplexes me that someone can buy and sell a share within days for no apparent reason. Sure if you're a day trader that makes sense, but why would you buy into Kogan and sell a few days later at a loss? There was nothing released to suggest the price would decrease further, if you had faith in Kogan at mid $2, not sure why you'd sell at low $2. You only needed to hold for a week or two and you would've been back in the green. I've been watching Kogan since IPO so I know exactly what that $2 dip was that you're referring to, I bought at $1.54 then topped up at that dip you sold in, at $2.16 then I bought more at $3.45. It retraced at $3.45 to $3.20 and I had an order in at low $3's but it never got filled and I missed the boat buying more there which I kick myself a little now for not just buying more at $3.20.
I firmly believe that Kogan has a long way to go yet, this is just the beginning. Kogan isn't even a household name yet but I believe it will be soon (within 5 years), by the time it's a household name though it'll be a big blue chip stock trading at multiples of what it's trading at today. I personally wouldn't buy right now as I think it'll retrace at some point to a lower share price, but I will be looking to top up again if it does retrace. That being said, I already hold the share so I have the luxury of deciding whether I buy more now or gamble with speculation. For you, I think even if you bought today, KGN will still perform better than TLS in one year from now. All IMO though so don't let my words sway your judgement.
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Last
$4.18 |
Change
-0.050(1.18%) |
Mkt cap ! $420.5M |
Open | High | Low | Value | Volume |
$4.25 | $4.29 | $4.14 | $2.293M | 545.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1657 | $4.18 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.19 | 4750 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1657 | 4.180 |
3 | 4097 | 4.170 |
4 | 10476 | 4.160 |
4 | 7548 | 4.150 |
6 | 9610 | 4.140 |
Price($) | Vol. | No. |
---|---|---|
4.190 | 4750 | 2 |
4.200 | 16503 | 4 |
4.210 | 2503 | 2 |
4.220 | 2503 | 2 |
4.230 | 571 | 1 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
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KGN (ASX) Chart |