Gib Cap Group Inc (GIBX)

[ancalagon]

Yeah...it seems to trade mostly sideways when it hits the .001 mark. It has broken that a few times but not a great deal traded in the .0009 range. .0008 is on the bid now but that occurred quite a few times last week, although I don't recall any trades taking place at that price.

So maybe there's some support at the .001 mark. At least one or two market makers / retail investors seem to jump the .0008 during the day keeping this from the dreaded triple-zeros.

On the negative side, there has been little dollar volume at the .001 price - that is, a ton of buyers haven't seen this yet as a "bargain" price which is worrisome. Usually I like to see some real buying strength when a stock hits one of these levels. I don't think we've had a ten million share day in a while. But at .001 that's only $10k. You'll catch the attention of some larger buyers when this stock starts trading $30k - $40k a day - otherwise it's hard for someone with some large dollars to get enough shares without pushing the price up.

GL.