Sagebrush Gold Launches Promotional Campaign
09/28/2011

Sagebrush Gold, Ltd. (OTC:SAGE) is a newly formed gold exploration and development company, with a focus on gold trends in North Central Nevada. Not yet having any valuable assets the company routinely launches stock promotion campaigns to drive their share price up.

Online PR News – 28-September-2011 – – Sagebrush Gold, Ltd. (OTC:SAGE) is a newly formed gold exploration and development company, with a focus on gold trends in North Central Nevada. Not yet having any valuable assets the company routinely launches stock promotion campaigns to drive their share price up. Peter Hristov summarized the current promotion as follows:

On Monday, a $20 thousand promotional campaign by Club Penny Stocks was dedicated to the company. The result was a generated volume of 146 thousand and a price surge of 20%.

The following day, another promotion was issued, this time for $15 thousand. The result this time was a volume of 73 thousand shares, but the share price dropped down 9.68%. Apparently, the promotion created a two-day speculative frenzy which included investors who strove for quick gains.

SAGE kept issuing news to support the promotional campaign. Yesterday, for example it issued two press releases to discuss issues with their Relief Canyon Gold Project.

Although SAGE stock value surged up at the beginning of the week after the company opened the session with a serious gap, the share price seems inclined to return back to its previous state where the 50-MA is currently situated.

We think it is unlikely the share price will stay at current levels once the paid promotion campaign ends. A good short opportunity might develop and we are adding the company to our watchlist. For penny stock picks and the latest news on penny stocks go to http://www.pennystockinvestordigest.com

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