A few people don’t understand shorting here.
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The offer is withdrawn, the underlying valuation metrics did not support $3.00 and so its falls to fair / market value.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.
New TA/Charting, page-14683
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Last
91.0¢ |
Change
0.010(1.11%) |
Mkt cap ! $2.218B |
Open | High | Low | Value | Volume |
87.0¢ | 92.8¢ | 83.5¢ | $32.09M | 36.86M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 10521 | 91.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
91.5¢ | 334016 | 41 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
44 | 124436 | 0.910 |
38 | 243411 | 0.905 |
34 | 236498 | 0.900 |
15 | 310476 | 0.895 |
12 | 230506 | 0.890 |
Price($) | Vol. | No. |
---|---|---|
0.915 | 316598 | 40 |
0.920 | 216697 | 21 |
0.925 | 227487 | 18 |
0.930 | 138423 | 9 |
0.935 | 51839 | 5 |
Last trade - 14.58pm 26/06/2024 (20 minute delay) ? |
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LTR (ASX) Chart |