One of its key purposes is to ensure asset values do not get out of hand, which often leads to bubbles.
LTR is a brilliant example of that.
Receives a takeover offer at $3.00
The offer is withdrawn, the underlying valuation metrics did not support $3.00 and so its falls to fair / market value.
There were plenty of people calling $3.00+ valuations before the TO offer. If the SP had been allowed to be pumped un hindered with no shorters calling BS, then at some point a lot of people would have lost a lot of money with the subsequent drop when the market catches on the valuation is nonsense.
LTR Price at posting:
$1.30 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)