Volume Fading for TagLikeMe Corp. (PINK:TAGG)
More than 10 days have passed since the last Awesome Penny Stocks (APS) tout email on TagLikeMe Corp. ( PINK:TAGG ). Without the hype created by the pumpers, the interest in the stock is slowly fading away. Yesterday TAGG closed up 3.36% at $0.077 per share on a little over 13 million shares. The price reached $0.091 at one point, but even that wouldn't have been enough to break even for those who entered when TAGG started running. There really is no solid reason for TAGG to go up at this point. If anything investors have a reason to be disappointed after the company filed a NT 10-Q saying it won't be filing its quarterly report on time. At the current price TAGG's valuation is about $23 million, and it may have some trouble supporting it. Some of the previous APS pumps like Great Wall Builders ( PINK:GWBU ) also lingered after the post-pump crash only to dive deeper when the most hardened believers gave up. With volume fading away, the price usually follows suit in time. Unless TAGG manages to pull off some miracle its future will be as barren and dark as those of GWBU, PRTN, and the rest of the APS pump jobs.
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