Tag and Everyone is IT (TAGG)

One of the world’s leading research and advisory companies recently estimated the total income generated by social media sites like Facebook (NASDAQ: FB), LinkedIn (NASDAQ: LNKD) and Twitter could reach nearly $17 billion in 2012. Fortunes may await existing players and newcomers armed with technological innovations that enhance user experience while further monetizing the product through integration with other apps.

Today, TagLikeMe (OTC: TAGG) unveiled its new version of the social search and share platform, TagLikeMe.com. According to the company’s press release, the added features and enhancements will make the site one of the most powerful online search and share platforms. TagLikeMe Chairman and CEO, Richard Elliot-Square, said, “Users will notice our bolder graphical enhancements and a simplified, more user friendly interface at providing complete social interactive browsing and searching capabilities.”

The TagLikeMe platform allows users to search the Internet through Yahoo (NASDAQ: YHOO), Google (NASDAQ: GOOG) and Microsoft’s (NASDAQ: MSFT) Bing while incorporating the related activities from social media sites in a single inquiry. Users can also connect, chat and share with others who are browsing for similar topics. The new features were created for increased traffic the company expects after recent marketing initiatives, new product announcements and the debut of its mobile apps.

Traders reacted favorably to the news as buyers lined up at the opening to purchase shares. The stock gapped four cents higher than Tuesday’s closing price on the first trade of the day. The opening price of $0.12 also established the high for the day. The enthusiasm wore off by the time lunch rolled around on the east coast and the stock retreated toward unchanged for the day. At the closing bell, shares managed to stay in positive territory for a gain of over 10% to finish the session at $0.0875. Today’s action must have seemed sanguine compared to the game of tag traders played yesterday. Over 73 million shares passed through trader’s hands during the session today, but that number paled to the 142 million shares traded on Tuesday.

Besides the heavy volume yesterday, the stock had a 300% stock swing from a low of $0.06 to a high trade on the year so far at $0.28. As shares prices hit bottom on Tuesday, the company issued a press release stating it plans to position itself at the forefront of the social media market. Traders would be shocked to hear something different from any company. In the days to come, traders will probably be looking for some action to back up the talk. Shares of TagLikeMe have only recently traded actively. The low for stock so far is below a penny at $0.002.

Other recent news for the company includes an announcement on July 31, 2012, that revealed the addition of Yahoo search content to the TagLikeMe.com platform.

On July 24, the company announced a 5 for 1 stock split.

TagLikeMe operates an Internet service platform, TagLikeMe.com that combines the functions of search and social media interaction in one destination. The company is based out of London, England.

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Published by Alan Masterson

Alan has over 25 years of trading experience in the U.S. equity markets. He began his career in finance working on a program trading desk specializing in over-the-counter stocks. His career progressed from that point to his current position as senior trader on an institutional trading desk. In the evenings, Alan teaches economics at a local community college. He has contributed articles to various publications over the last six years, including feature articles for an economics magazine and various financial blogs. You may contact Alan via his email (alanmasterson@wallstreetpr.com) or his Google+ page (https://plus.google.com/103338576216002376250).