RE: RRR Wallet Investor16 Aug 2024 00:20
Walletinvestor... one word...
Machine learning artificial intelligence... analysis , not an analyst, a lot of crypto stuff a lot of stocks.
Inconsistent, some price predictions with one stock I know quite well plausible for a a tin stock. A gold and silver early stage producer, time I had it never went much above 80p walletinvestor predicted Β£26 per share, when the shate price dropped a fair bit bit below 80p it predicted Β£13 per share - no I never believed those predictions - ultimately it ran into operational problems going, one quarter... in the wrong direction they had expanded the mine when they had to much debt to make that mistake at a time of high interest rates, company folded, mine has not been reviewed and no sign yet that it will, there is good gold and and decent silver there.. Point... have seen it with other stocks as well... walletinvestor sometimes has very unrealistic upside and downside predictions over five year periods, it can't understand the story... only some technicals and I think it offen severely over-estimated positive and negative trends in some of the volatile stocks, possibly biased by crypto analysis and that high volatility.
Just come back to me, there was a mid tier holding company, I have had the stock and I used to know it well, the price is good now, it was weaker at the time but not too bad, was rebuilding at a time of general economics challenge, walletinvestor was predicting complete failure for the stock! Nah, it's doing fine, mid tier, growing and developing it's dividend after restarting it, the details stated are on quite a recent check, if I find them to have changed I will clarify within the hour.
Suffice to say walletinvestor is a very unreliable and unknowing... predictor for Red Rock Resources.