The company that lost money for a decade but soared 3000% !!!!

Guess it ? Yes, it is none other than Blink Charging Company. No, do not blink your eyes when you read 3000% returns in a mere 8 months period.

If you , like me are the lucky guy who went in (blindly or half blindly) to long this stock, there is nothing you can do than give your heartiest congratulations to those who did.

I see a fairly strong resistance at 56.60 price level and it is likely to pull back from here. It can either goes to the lower channel and continue to go higher as millions of retail traders are hungry for this stock (nobody cares about the financials, the CEOs sold the shares, etc)!! OR it could tumble more to 36.15 level.

Neither of which level would prompt me to go long since I have in a way missed the 4 digit returns thus far. Buy not because it is popular or it is the stock talk of the town but a story you can believe in for years to generate consistent returns for you. I do not need a one hit wonder (a good to have but not a must have) in my portfolio as that would disrupt the psychology.

Others who love to catch fast train and have the risk tolerance may participate in such frenzy stock but you always have a choice and your choices in life determines your consequences. So choose wisely......