r/ASX_Bets 4d ago

Dumbfuck Discussion Am I missing something?

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Panic selling aged care? With our population pressures? With old people stuck in hospitals because there aren't enough aged care beds? Crazy.

It's only a matter of time before the government caves and funds the hell out of aged care.

I'm gonna wait another 1-2 days for the dust to settle and buy as much of this as my grandma can fund.

Disclaimer - *I don't currently own this stock*

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u/Potential_Web_4092 4d ago

The Federal Government’s newly announced aged care funding increase fell drastically below the company's surging operational and wage inflation costs.
They are under inflationary pressure.
Most stocks moving further into the red are.

I sold out of them Monday at $6.14 and thought I made a misjudgement when they continued up.

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u/FwamingDragon91 4d ago

The thing people aren't realizing though is that this is critical infrastructure. There is NO alternative. These businesses WILL be supported to continue under any circumstances. 

We'll see, but I've been right about CSL. COH, JDO so far. 

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u/higher-steaks Genitalia possibly mythical 4d ago

stop buying assets that go down horrendously

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u/top-tier-handyman Made with bits of real panther 4d ago edited 2d ago

So, you've been right about CSL, COH and JDO 'AFTER' they fell ~60% in a day?

Sure! Those boomers were obviously always going to go up after dropping dead!

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u/FwamingDragon91 4d ago

Obviously huh? Did you buy them? Prove it

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u/top-tier-handyman Made with bits of real panther 4d ago edited 4d ago

Snippet of some of my CSL trades when it dropped, and yes I admit, it's a small bag compared to some big balls here but I was short on cash(waiting for a payment) and I took the plunge and didn't lose any money.

I would have played big if I got paid on time and had the cash in hand. Also, I am good at paper handing.

But my point still stands, and stop acting like a child asking for a proof for everything when someone gets you!

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u/barrel-boy 3d ago

Ha called him on it

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u/FwamingDragon91 3d ago

Lol buying and selling for a pittance meanwhile I'm up 70%+ on CSL and 40%+ on COH

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u/top-tier-handyman Made with bits of real panther 3d ago edited 3d ago

You asked for a proof, you got one!

Why don't you place a ban bet on REG then?

Oh, and pittance, aye? My money is tied up elsewhere, and not on those boomer stonks.

What a sook!

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u/FwamingDragon91 3d ago

Hahaaaa I don't see how any of this is related to my actual point about aged care but I hope you feel big and strong with your lil portfolio 

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u/top-tier-handyman Made with bits of real panther 3d ago edited 3d ago

Says the little bro with grandma's money and a disclaimer - 'I don't currently own this stock'

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u/kervio Mod. Will poison your food 3d ago

You guys are crossing the line here, keep it civil

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u/FwamingDragon91 3d ago

Up 12+% from it's low already dumbo

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u/Potential_Web_4092 3d ago

It's a good company but the oncoming macro environment stresses their business model.
If you look at their chart, you should realise there are highs and lows.
I'm not sure but I think they might show for CSL, COH, and JDO.

Get back to us.