How do you know a typical gambler doesn't also have Woolworths...

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maurice166

25 Posts.

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02/06/21

10:13

Post #: 53584305
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Originally posted by vagabond84: ↑

Roo is a penny dreadful. The overwhelming consensus for a long time has been that penny dreadfuls aren't real businesses but mere gambling mechanisms. Most businesses on the ASX that aren't penny dreadfuls, actually have a real business underneath them. Like Woolworths or CBA. But the typical gambler doesn't want to buy CBA or WOW because something like CBA can't go up 5 times from $100 to $500 on the back of an exciting announcement, but penny dreadfuls can. That's the reality of investing in 1 or 2 cent stocks on the ASX.

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How do you know a typical gambler doesn't also have Woolworths CBA along with their penny stocks just diversify? That's the reality with people like you who assume. Have a nice day!

ROO Price at posting: 1.3¢ Sentiment: None Disclosure: Held
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0 Great analysis

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How do you know a typical gambler doesn't also have Woolworths...

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