Yesterday, our promotional archive was enriched by one more newsletter dedicated to Golden Spirit Enterprises Ltd. (PINK:GSPT).
The campaign was started by Wallstreet Hottest Stocks last night at 18:50. This appears to be the first campaign of the promoter for the year.
The details of the newsletter disclaimer showed that the campaign had been ordered by a third party called J&P Ventures. The third party had poured $5,000 into the advertising program.
The very campaign is specified as a one time advertisement of GSPT. In addition, the promoter stated he didn’t own any shares of GSPT common stock.
The promotion comes at the time when the GSPT has just made two large jumps which had brought the stock price at the resistance line.
Apparently, the stock has received a paid helping hand while preparing for the attack on the resistance. In this train of thoughts, it is not excluded that a press release comes out today to join the promotional aid, which is a common scenario used by promoters.
However, at this stage it is a game of guesses whether GSPT will actually manage to break out in the forthcoming session, or will succumb to a selling pressure produced by an unexpected unloading of certain parties.
