Gib Cap Group Inc (GIBX)

[SPM555]

This stock cracks me up. First off some random new poster starts an unfounded rumor about imminent news being released, and when it doesn't come out people freak out. Then people are reading irrelevant news from a totally different company to add more confusion. Finally we have some people claiming pump and dump when this stock has not been promoted by any website or emails/flyers. etc (i.e. the pump).

I have been holding this stock since March (with a little flipping here and there) because of the charts on it. Whatever the reason is behind it, someone started accumulating back then and that started to turn the chart very bullish. All this speculation recently has made for some wild swings, but overall the longer term trend is still up and the longer term picture is bullish.

This is not a pump and dump (at least yet) because no one has pumped it other than a few random internet posters. The only news that has been released from this actual company in a long, long time is this bit in April about the readjusting of their business plan and switching over to the auto part distribution industry.

http://www.prnewswire.com/news-releases/xinhua-china-ltds-strategic-readjustment-61881852.html

With only 1 PR in such a long time, this company obviously isn't pumping up their own stock with fluff either. This is purely a chart play for myself with a little speculation as to what's actually moving it.