Gib Cap Group Inc (GIBX)

[SPM555]

I'm still saying the chart looks like we could be consolidating here for a little while still. The longer we do this, the better off we are. It builds a base by slowly letting out the impatient and let's the stronger hands take their shares. This is allowing the shorter term moving averages to work their ways up and catch up to the price. Quite often with this stock I've noticed all it takes is one person with a couple million shares to capitulate and throw in the towel for this stock to bottom out and then move higher. I remember last year right before the stock ran in Aug, one person from another board threw in the towel and dumped a few million shares, and literally after his shares got soaked up, the stock started to breakout.

On another note, when was the last time this stock released news? The way the chart is setting up I really think this is going to be a sustainable runner, but it's hard for me to see this breaking a penny without news.