Gib Cap Group Inc (GIBX)

[SPM555]

The 10k was not the reason for the sell off, it came out well after the damage was done and the only trades to go off after it came out were at the ask, minus one small trade at .0038. The stock spiked on a strong technical setup mixed with some very suspect message board hype, and traders used that as an opportunity to take profits from the runup since July. Yesterday's candle was a bearish signal and today's sell off wasn't too surprising, though it did look like an exhaustive move by the bears and the strong close is a good sign, imo.