Just received email at 1:19 PM EST
Hi Everyone,
TAGG is retracing this morning after soaring over 400% in the last few weeks. A healthy retrace is good as it moves shares into stronger hands to those who knows that TAGG could still hit $1.00 or more!
Buying the dip now could be a very smart move as we expect a major bounce next week. We believe TAGG will resume its ascension to new highs very soon and that a move back up is imminent.
If you were waiting for a great time to jump in TAGG now could be the best time ever while cheap shares are still available!
Just look at the chart below which clearly shows you that stock can see massive bounces after a retrace. The pick below retraced from 70 cents to 20 cents before moving back over $2.00 a few weeks later.
The same massive bounce could happen to TAGG in the short-term!
If you missed our profile on TAGG: here's our top 5 reasons why we love this Company!
#1- TAGG is making multiple progress to grow their website taglikeme.com very rapidly: from integrations with the Iphone and Android Phone to enabling Facebook users to access its site, TagLikeMe is making aggressive moves to grow their sites' traffic!
#2- The technical indicators on TAGG are still VERY BULLISH with Barchart.com still giving a BUY rating for this company. In addition, the price action and volume are all indicating that a continued uptrend is underway. These type of trends can last for weeks before any retrace!
#3- Rumors from Sierra Equity Review indicates that there could be a potential buy out in the work for TagLikeMe Corp. from Microsoft. If true, this buy out could send shares of TagLikeMe through the roof! As mentioned previously, acquisitions in the social media market have exceeded $3 billion USD in the last several months. A buy out of TAGG would not be surprising.
#4- Short sellers are still holding large short positions that could be covered at any moment now. We've seen stocks soar hundred of percent in the past from a month end / beginning of a month short covering.
#5- In our opinion, TAGG is still at a BARGAIN price level and still holds tremendous upside potential. Small-cap companies like TagLikeMe can run for days and weeks and we believe that our #1 pick has just started a momentum rally!
TAGG is our pick of the year and is definitely worth keeping an eye on. If you did not buy shares yet now may be the time. The general sentiment is that TAGG is about to go much, much higher.
Happy Trading!
Your AwesomePennyStocks Editor.
AI
