Dumping cash into single stock plays

Does anybody here actually do this? Obviously there are safer ways that provide a solid return like throwing what you saved into ETFs and etc. but I am genuinely curious to know if anyone here has made a strategy revolving around throwing a few thousand or 10’s of thousands at absolute flyers of stock picks and being up huge on the winners those few times that work making up for the other failed investments made in the meantime.

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