KGN 1.18% $4.18 kogan.com ltd

It perplexes me that someone can buy and sell a share within...

  1. 66 Posts.
    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
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Last trade - 16.10pm 04/07/2024 (20 minute delay) ?
KGN (ASX) Chart
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