PWEI, TAGG – Pump And Dump Alerts – November 2, 2012
This week were exposing this pair of popular Pump & Dumps: PacWest Equities (PWEI) and TagLikeMe (TAGG).
That said, welcome to Pump and Dump Friday, where every week we identify a few of the potentially bogus promotions going on in penny stocks today.
If you dont know how these schemes work, be sure to check out this free report that exposes the whole thing.
Without further ado, here are todays disasters waiting to happen:
PacWest Equities (PWEI)
The first thing that comes to mind when I see PWEIs ticker symbol is Pei Wei Asian Diner. Unfortunately for PWEI shareholders, their company has nothing to do with the Asian eatery owned by P.F. Changs corporation.
Nope, PacWest Equities shareholders arent holding anything tasty at all.
Rather, theyre holding a pumped stock and nothing more. You see, shares of PWEI are being pumped by smartOTC right now. They were paid $10,000 by Winning Media, LLC to hype up shares of this company.
So what is the pumper saying? Nothing more than the usual hype all praise and glory for the stock in question.
Ironically, PWEI specializes in working with underperforming companies becoming financially stable. But it looks like theyre in need of similar assistance.
For starters, PWEI doesnt file with the SEC. I guess either theyre not in compliance, or simply cant afford it. And how could they? PacWest has $0 cash in the bank as of June 30th!
Whats more, their other assets are claimed to be $380,000. What exactly does that mean? And even worse, the company posted a loss last quarter of $23,582 ON $0 REVENUE!
So what exactly are investors buying when they get shares of PWEI? Nothing solid to speak of Id say.
Now whats really scary is the chart on this stock. Check it out for yourself
If youre a regular reader on Fridays, then youve seen this chart before many, many times. Most times, runs like this signal the pump right before the dump. In about two weeks, you can bet this chart will look like a mountain peak after it crashes down.
Id say we have just one more pumped stock here that you need to avoid!
TagLikeMe (TAGG)
My, oh my, it seems like the pumpers have a new favorite toy TagLikeMe. I covered this hyped up penny stock back on October 19th, and the paid stock promotion hasnt stopped since!
So its time once again to push back against the ridiculous hype coming from the pumpers
Whats the latest?
Well, last time it was Penny Stock Advice and Victory Stocks being paid to do the dirty work. This time, Victory Stocks is playing a very dangerous game- naming one stock and showing anothers chart.
See the screen grab from their email blast below
You see what theyre trying to get away with?
The dropped the symbol TAGG three times in front of this pick below. What stock is that? Who knows, the pumper blocked it out! Shady tricksters
Sure, the pumping has shot the stock higher, but it does look as if the wheels are falling off today. Now, look at the REAL chart of TAGG below
Oh yes, the stock is only down a mere 30% today!
Listen, as of mid-October, the company had $0 revenue and lost $144,000 in their latest quarter. Whats more, theyre sitting on $14.8 million in accumulated deficit from the failures of their Morgan Creek Energy Group debacle.
Clearly, this is just one more nightmare waiting to happen if you buy these shares.
Other Penny Stocks Being Pumped This Week
GTMM The Penny Doctor received $2,000 directly from the company.
YLLC Major Penny Stocks was paid $4,000 by Microcap Innovations, LLC
CUAU Buzz Stocks picked up $5,000 from Galaxy, LLC
A final word (and warning).
These are just a few of the potential pump and dumps we’ve seen lately.
Remember, theres a lot more of this going on than we can highlight here.
As you know, penny stocks are a great place to invest your money. You just have to do your due diligence to stay away from all the schemes and scams out there these days!
Until next time,
Brian Walker
Category: Pump & Dump Alerts
