Mar. 23 at 12:29 AM
$MREO There is also the possibility of Short Repositioning.
On a Witching Friday, shorts often use these large "sell-side" blocks to keep the price pinned below a certain level (in this case,
$0.35) to prevent their own positions from being squeezed. The fact that the stock "absorbed" 14 large blocks and still held near the
$0.34–
$0.35 range is actually a sign of some underlying resilience. On a normal day, that many "sell" blocks would likely have triggered a far more violent breakdown.
