Kaloyan Gadzhev

TagLikeMe Corp. (PINK:TAGG) Pump Finally Heats up

by Kaloyan Gadzhev October 25, 2012
54TAGG_chart.pngAwesome Penny Stocks (APS) has been hard at work pumping the stock of TagLikeMe Corp. (PINK:TAGG, TAGG message board) since Oct. 3, and in the last 3 sessions trading heated up.

Yesterday TAGG closed up 19.24% at $0.2206 on 43.4 million shares. Undeniably, some people have made money on the pump play, and there is a possibility some more will.

This, however, applies only to those who manage to get out before TAGG does what every other previous APS pump has done; namely crash and destroy the investments of the more naive traders. Distinguishing a pump play from a solid investment can be crucial.

Why is TAGG no different from its predecessors? Let's take a look at some of the characteristics TAGG shares with those companies:

  • a company which has seen limited or no trading before the pump
  • a company which does a forward share split before the pump to increase the shares held by insiders
  • a company which is just starting out in a hot sector
  • a company which has insignificant assets
  • a company which has shown little to no revenues

 

At the respective time they were pumped Amwest Imaging, Inc. (PINK:AMWI), North Spring Resources Corp. (PINK:NSRSE), 

PRTN.pngPristine Solutions (PINK:PRTN) and Allezoe Medical Holdings, Inc. (OTC:ALZM) all fit the criteria. They were all touted by APS and they all crashed spectacularly.

In its latest round of tout mails, APS is trying to convince people that TAGG is a company "that could become a giant in the future." It could, except it has about $1 million in liabilities and $16 thousand in current assets and hasn't reported any revenues whatsoever.

NSRSE.png

The pumpers also revisit their wild conjecture of a buyout. At this moment TAGG has nothing significant to offer for any company to consider buying it. It hasn't generated a significant user base, it doesn't offer anything that other companies in this competitive sector don't already provide, and most importantly it hasn't shown any potential to monetize its operations.

Most traders who have been dabbling in pumped stocks know how APS pumps work, but those who are new to the concept, should really do their due diligence before they decide what to do with TAGG.

Comments 2

1. Guest
October 26, 2012, 01:53AM

Quotes ^Those two comments are spam.

Thanks for the article Mr. Gadzhev.

2. Guest
October 25, 2012, 11:45AM

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