FFIE Financial Independence Plan: Have All the Shorts Left? Proof Inside!

With a successful $1 defense and a recent earnings report, FFIE has entered a new stage.

But today, I heard a new voice on Reddit, and it makes more sense:
FFIE's stock price has been manipulated. Despite reports indicating short positions have been closed, there's no evidence of such closing.

Why is there no evidence? Consider historical stock price movements during short covering:
In mid-March 2024, within 1-2 weeks after a 1-for-3 reverse split, short positions decreased from 15 million to 10 million shares, and the stock price rose slightly from $0.10 to $0.17.

Short sellers closed 5 million shares, resulting in a $0.07 increase in stock price, which can be used as a benchmark.
Between April 30 and May 15, if 57% of short positions were closed, at least 25 million shares were bought. Indeed, FFIE’s stock price rose significantly during this period.

Let’s do a math:
In March 2024, buying 5 million shares at $0.10 led to a $0.07 increase, assuming a buying power of $500,000.
Applying the same logic, buying 25 million shares at $0.50 would require $12.5 million in buying power, potentially increasing the stock price by $1.75.
The price increase before May 15 did not support the share price move to this level.
Moreover, the share price started surging post-May 16. Can the remaining 28% short support such a significant rise?
Hence, a Reddit user concluded that shorts haven’t closed their positions yet, as there isn't sufficient evidence of the stock price movements.
This is the most convincing reason for holding long positions I have seen. It also makes me question the public data.

Views on the Earnings Report
Recently, several rumors have been circulating about CEO Jia Yueting, such as live broadcasts with brokerages and negotiating cooperation with Chinese Electric Vehicle manufacturers.
In my view, any movement from Mr. Jia is good news. After all, it's a fact that FFIE has failed to deliver vehicles, and they owe rent for their U.S. factory. As for the financial report's positive aspects, they are likely to depend 90% on how well Jia spins the story.
Now that there's some action, at least it provides some tangible material for the "stand-up act" that the financial report might be.
Still, I remain skeptical about Jia Yueting's prospects, as well as the fundamentals of FFIE. Unless there's a real collaboration with a Chinese Electric Vehicle manufacturer, FFIE might have a chance to survive through a reverse merger or similar strategy.

Insights
There are essentially two main strategies for investing: holding high-quality stocks for value investing and trading popular stocks for short-term trends. However, it's pretty rare to see long-term holdings in companies like FFIE, which can be considered troubled assets.
From my experiences during this tug-of-war period, I've gleaned two insights:
1. The significance of portfolio allocation and opportunity cost in investing cannot be overstated.
Never go all-in on a single stock; don't stubbornly stick with one that's not performing. Just as in life, investing does not guarantee good outcomes because you've invested your heart and soul.
2. Avoid jumping on bandwagons, particularly when it involves games you don't fully understand, especially if your opponents are more intelligent, experienced, and have more tricks up their sleeve.
Reflecting on my journey, I find myself increasingly confused about what game is being played. Researching and gathering information requires a significant investment of time and energy. Considering the substantial investment of time and the opportunity costs incurred, one must ponder if it's all worth it.

Actions
I don’t plan to make any moves for now. Once it hits my target price, I’ll sell 80% of my position and keep the rest to monitor the situation.

I hope everyone wins in the end.