Ann: Kogan.com quarterly Cash Flow Statement and Trading Update, page-22

It does look as if some were expecting that revenue growth would accelerate further. The +46.1% revenue growth rate (y/y) for the March quarter, while impressive, is unchanged from the rate in the December half (+45.6%). Perhaps there are some disappointed holders who bought in recently, plus shorts jumping on the bandwagon.

Yet customer growth is stronger than ever. And with the nbn business just launched and other verticals to come onstream soon, revenue growth should accelerate some more.

My investment horizon is more than a single day or quarter.