New TA/Charting, page-14683

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The offer is withdrawn, the underlying valuation metrics did not support $3.00 and so its falls to fair / market value.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.