Yesterday, the trading session of Golden Phoenix Minerals, Inc. (OTC:GPXM) was slightly more active than usual. The generated volume was more or less 50% higher than the 90-day average.
This animation was caused by a combination of stock promotion and a press release which coincided on the same day. The cumulative result was a 6% price rise and a total generated volume of 600 thousand shares of GPXM stock.
The promotional campaign was initiated by White Hot Stocks who issued a newsletter shortly after the session started. The promoter had received $90 thousand for the campaign, along with 2 million warrants priced at 12.5 cents.
As to the press release issued the same day, it said that GPXM had signed a letter of intent to acquire a 60% interest in the Santa Rosa gold mine. This news 
combined with the advertising services of White Hot Stocks turned into the right formula for the company which subsequently saw one of its major resistance at $0.16 being penetrated by the chart candle. [BANNER]
Along with the break out, the short-term moving averages formed a bullish cross, while the MACD, which was already in a bullish mode, solidified and the upward move with an increase in the histogram.
The fact that the exaltation of GPXM happened with the helping hand of a promo campaign, however, may mean that things can changes once the promotional effect expires. In this regard, investors must be more careful with their strategy and watch how the stock will act when people forget about the advertising words of the newsletter.
