Most service rank things based on how the most recent price action has played out. The reason this is flawed is because this is a lagging indicator. What good is a rating to you if im tell you after things have already moved out of the norm. It's like if i told you a stock is a great buy after it goes up a 1000%, doesn't do much for you as you are unlikely to invest in it because its already up a lot so we take a different approach. We measure probability on how things have recovered in the past and use that to make a prediction of what something is likely to do in the future. hope this help. thanks
Yes, but we'd would still always recommend doing things in a diversified manner since anything unusual can happen with 1 or 2 stocks but unlikely when you do it with diversification.
So your stockGPT says PSNY is a strong buy, but a service I have used for many years says that PSNY is one of the weakest stocks right now.
https://www.chartmill.com/stock/quote/PSNY/technical-analysis
Most service rank things based on how the most recent price action has played out. The reason this is flawed is because this is a lagging indicator. What good is a rating to you if im tell you after things have already moved out of the norm. It's like if i told you a stock is a great buy after it goes up a 1000%, doesn't do much for you as you are unlikely to invest in it because its already up a lot so we take a different approach. We measure probability on how things have recovered in the past and use that to make a prediction of what something is likely to do in the future. hope this help. thanks
Well, it was right because it went up 15% in the subsequent days
Yes, but we'd would still always recommend doing things in a diversified manner since anything unusual can happen with 1 or 2 stocks but unlikely when you do it with diversification.