cagievet, it is really not hard, nor illegal to do. With your position you could easily manipulate the stock down. The key is wanting a very large position and taking the chance that some of your position will be taken from you at times. But, as I have said, it is in their(the accumulator's) best interest to keep trying to break shareholders spirits by lowering it and trying to get people to give up. If they try to get their stock by just buying, it will keep fence-sitters in while getting momo and day-traders in. Very expensive that way. Terry said he has talked to insties and it is my guess they know nothing is coming out real soon, so they can be patient and play their games. I just try to buy in .80's with nite and sbsh. etrd has been screwing them(and me) up a bit and today hdsn caused some problems, but clearly the institution(s) is/are using nite and sbsh. The nice thing is it is going into the hands of longterm investors and not traders that would be selling for a quarter later. With the position they will have they will need a buyout(and probably know it is on it's way). I suppose it could be Shell. I never followed Blackrock, but during my "googling" time I did see a PR about Shell announcing it was upping it's ownership of Blackrock, so they must have been buying before anything happened, buyout-wise. Think of it this way, if you knew you would eventually buy out Strata, would it not be smart to encourage them to get reports done on their dime, do production wells on their dime, all the while you are accumulating at bargain basement levels. So that when you finally say publicly that you want to buy out Strata at $10(???) you already have 5-10% at under a buck. Saves yourself, what $50mil+(6 mil shares x $9 savings/share). Kind of the way Irv the Liquidator did it in the 80's here in Mpls. and didn't Gordon Gekko work that way in Wall Street? Something to ponder as you drift off to sleep.
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