How would a big player accumulate? Probably following the exact path we see.
Easy to push around a thinly traded stock. Start by buying some calls to protect yourself, then just hit with selling pressure daily once your short position is in. Trade in and out based on what you know the price direction will be, based on your ability to push it up or down easily. And in the atmosphere of failed deal at end of year and silence, it is all the easier. Add in a couple of shorts and you have the perfect formula. Like all other longs, I am very disappointed about the past couple months, but been around long enough to know that is how the "game" if often played. I just hope if a deal does indeed happen, they don't take so long that it happens in the middle of a massive market correction, as that will likely impact the deal itself.