ASM Chart Thread, page-4490

If Van Eck has been lending their shares, and their REMX index criteria require them to sell because of the lower SP (IIRC the criteria can be disregarded at the fund manager's discretion), then one would think they'd have to recall the shorted shares before they sell. It's also possible that VE and the shorts they lent shares to could work out some sort of deal, perhaps one that results in one of those large trades (at what appear to be prearranged prices) that we always see in the last CSPA before a rebalance of the S&P ASX indices takes effect.

Anyway, all that is hypothetical with lots of assumptions thrown into the mix. Just thinking aloud, really.

Regarding the 310k sell order at $10, IMO it's a (pretty obvious) signal that the shorts intend to cover below that price.