Here's an oversold bounce play for tomorrow
Published: Mon, 01/23/17
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Now I'm ready for another exciting trading day tomorrow, starting with a play that I've been watching for the past few trading sessions. TLNUF started to bounce today on this big news after a massive selloff the previous few trading sessions. TLNUF was trading at over $0.15 just a few days ago, now its under $0.05. Today started the move to the upside, and tomorrow could see TLNUF swing into full bounce mode. The reason is simple. TLNUF has a massive oversold RSI reading of under 30, and because of a 1:5000 reverse split back in October, TLNUF has a tiny float of just $150k. Over the past few days, the entire float has been turned over more than 3 times!! So, the technical's point to an oversold bounce, how about investor sentiment? Telecorp, Inc (TLNUF) announced a major transaction today which was the catalyst for a 28% move higher. The Company announced that they completed the asset acquisition of SOFTSMART 2.0, a Los Angeles based strategy, design, technology and product management agency which specializes in mobile-optimized product solutions, CRM and ERP implementation and customization. Mr. Cataldo, the President and CEO of Telecorp, stated, "We are very pleased with the acquisition of SOFTSMART 2.0 into the Telecorp family. This acquisition allows us to expand and deepen our footprint in the digital marketplace while quickly integrating and leveraging key functionality of the SOFTSMART 2.0 services within our current Telecorp product offerings. SOFTSMART 2.0 is a vital piece in helping Telecorp to become a major player in the digital economy." You can read this big news at http://finance.yahoo.com/news/telecorp-announces-acquisition-softsmart-2-140100634.html TLNUF is a North American emerging technology company headquartered in New York, New York, with operations in over six countries. TLNUF has developed an expansive and diverse network of companies that have a large portfolio of software products and services, providing high level solutions and branding for businesses worldwide. These solutions and services include branding awareness campaigns, website design and development, complete video recording and production, cloud solutions and software-as-a-service (SaaS), electronic message delivery and integrations, data storage, analytics and data recovery. In early 2016, under new management, TLNUF shifted its business focus and strategy to begin pursuing acquisitions in higher-value, digital technologies in proven markets. As a part of this business transition, the Company initiated a strategy to acquire and develop a variety of businesses to broaden services, products and talent into the Company. Companies that will be considered for acquisition are required to have 3 main qualities: they must be progressive and established in the digital marketplace, they are built upon innovative or disruptive technology and, they also must be able to scale both quickly and profitably. TLNUF's planned offerings are in the categories of digital video and animation production, e-health communications, media entertainment, e-travel services, hi-tech manufacturing, mobile-optimized product solutions, technology consulting and social analytics, data and design including CRM and ERP implementation and customization, e-magazine editorials and campaigns, and end-to-end solutions for hard asset portfolio management, among others. You can learn more about TLNUF at their website http://telecorpdigital.com/We think TLNUF is a great candidate for a bounce higher tomorrow. Today we saw a glimpse of what could be in store. Remember, the float is tiny with just 3m shares, and the market cap is a very reasonable $2.45m. Do your research tonight, and I'll be back in the morning with a further update. SmallCapMomo.com --------------------------------------------------------------------------------------------------------
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