Something is Wrong

I find it interesting that at 1:15 pm Sydney time the stock is flat on 6.6 million shares. It's as if nothing will move this stock upward. I'm not sure what is causing this; an HFT or black pool, the shorts keeping the price down because they can't cover their position, but something is holding the stock down.

If the financing news wasn't enough to raise the share price beyond +.004 (less than half a cent!) then I wonder what it will take to have the stock move beyond .05? From my view in the US where the market is a rigged game, it would appear that perhaps the ASX is even more so.

Putting the company up for sale may be the only way a shareholder has a chance of recovering his losses. I'm in favor of a sale to a Japanese firm as it makes economic and strategic sense. Hopefully by the Annual Meeting a buyer can be found and this evil conduct condoned by the ASX can be stopped. Why anyone would hold down the price of Lynas when so much can be made by letting it rise is beyond me.

Needless to say, this is one American who doesn't intend to buy any other stocks on the ASX. Perhaps those people in Australia should avoid our exchanges for the same reasons. Let's hope for a quick and fair sale.