US Stem Cell Inc (USRM)

[Dragon Lady]

"In my opinion shorts are covering for a run up."??

"short covering" = BUYING, not selling. Short covering causes the price to rise, not drop like a rock like right now on higher than avg volume.

The bid just fell through 2 cents and the market cap is now like $10.2 million, basically equal to their outstanding debts.

This is pure selling, no "short covering" IMO. Wouldn't make any sense. Dilution, dilution and more dilution and cheap shares being issued has consequences IMO. That's all that's being seen here the way it looks to me. I don't know how fast this "Magna" can start selling shares, but they just got what will be like probably 30 million plus shares in the 1 cent range- that cant' help things IMHO.

No bid support at all and selling days are the days the volume picks up- looking technically extremely weak here IMO. Now well below the 200 DMA and the 50 DMA broke under the 200 DMA and is now staying there- at least for now it looks like.