So everyone got pretty scared today huh?
Yeah, tbh, so did I. No matter where I looked, I couldn't find answers.
I came home from work today absolutely devastated.
I absolutely cant believe it. We lost.......
.
.
.
SIKE! I know everything. And once again, FFIE shorters played a HUGE hand today. But nothing gets by me.
No losing today. If you sold, I'm sorry. I totally understand. It was very scary. However, fear not. I'm here to explain that the heck happened today.
To be honest, this is a very complicated topic today so try to follow along.
In this post, I will explain:
Short interest numbers. Are we doomed? (spoiler, no. There is actually a double down here)
Why the drop
Re-iteration of why FFIE WILL NOT BE DELISTED.
So strap in! But first, my disclaimer:
I'm not a professional. Do your Due diligence. This is not financial advice. Just be aware, I really really fkn love the stock.
Alright. Lets do it.
Here you go. You deserve this if you had diamond hands today 
Lets start with by addressing the short interest.
MANY people have been posting various numbers regarding short interest ALL WEEK. The simple answer, as you all know by now if you have been reading my posts, is that:
SHORT INTEREST HIGH. YOU HOLD.
In general, I agree. But this is a very huge oversimplification once a squeeze begins to apply pressure (which you did wonderfully).
But here's where things get complicated. First, as always, the technical terminology followed by a simplification. Below, I have attached two graphs illustrating:
The price per share of FFIE
The "Oustanding short volume" pretty much meaning, how many shorts are in place throughout the days.
Lets take a look (sorry I gotta use a google document link to share as the Subreddit only allows 1 attachment per post for some reason)
Now initially, this looks very daunting. In essence, this shows that there was a large spike in the price around the same time as the short volume began declining. Scary right? Who knows?
In fact, I bet people over the last few days (since the short volume drop) have been SCREAMING that the squeeze is over. Right?
Okay. First glance, Yes. I agree. It definitely appears this way. However, lets look a bit closer.
Lets look at the second image on that link.
You can see that "graph 2" actually has the short volume (blue) overlayed over the price per share (as seen in "graph 1")
Pay very very close attention. Now, if short volume were to DECREASE, then that would mean the price of the stock would INCREASE. This is the law. In essence, when HFs buy out of their shorted shares, then the price increases.
This is the law of shorting.
Did you get that.
Here let me say it again lounder.
IF SHORTS DECREASE, PRICE PER SHARE INCREASES!!! REMEMBER THIS SIMPLE RULE!!!
Now watch the dates on those graphs. It matters big time.
The highest day for FFIE was on May 17th. What do we notice about the shorted volume between the dates of May 14th-May 17th
Lets go day by day
May 14th- about 520 million shares in short volume. This is the beginning of retail traders' attempt to short.
Thus, on May 15th- a sight decline in short volume (by a little bit) accompanied by a decent uptick in price. It's safe to say that the difference in shorts between May 14-15th was a few smart HF's covering their shorts before the attempted squeeze. They saw it early and dipped resulting in a spike.
Now onto May 15th-17th- There wasn't a significant decrease in short volume between these 3 days. Thus, we can conclude that because there wasn't a DECREASE in short volume, but there was an INCREASE in cost per share, that no shorts were covered during this time. If shorts were covered (in the simple, easy to understand way), then the short volume would've declined, and the price would've SKYROCKETED. I'm talking like 30 bucks a share skyrocketed.
Therefore, between May 15th and May 17th, there were TONS of shares purchased, but no shorts covered. Thus, we can say (almost) conclusively, that retail hype caused this jump (YES this includes those who bought at 3 bucks and are now panicking).
So far so good?
All "Laws" of shorting and market price have been followed so far.
Now onto May 20th-27th. This is where this shizzy gets INSANE. Like, so insane, its only been seen (during i guess every short squeeze to ever exist?). Once you are done reading, yall are gonna be back on board!
May 20th: A decent drop in short volume. In fact, short volume declines from 324 million shares, down to 174 million shares! NICE THAT WAS A QUICK SQUEEZE RIGHT? This should mean price goes up? As per shorting law (discussed earlier)???? Congrats, you successfully completed half of a short squeeze and are free to move onto the next (when this happens, you are gonna see ALOT of people posting that "the squeeze is over" and "Okay bag holders are idiots")
SIKE. Short volume decreases AND SIMULTANEOUSLY, Price begins its decline!?!?!
This violates the "law" of shorting!!!! WTF?!?!
Alright, if its just today, it must just be an accident in the reporting. Lets check the next days:
May 21st:
Cant make this shit up man. ANOTHER "LAW" violation? Shorting volume declines from 174 million down to 59 million. As per the law, short volume declines, then price should go up. However, another decline.
Okay okay. So you get the idea now. Over the next few days (May 20th-May 28th) the pattern CONTINUES. Every day (almost) the short volume declines (or stays approximately equal) yet the price continues to decline!!
Are you with me so far? At this point, I had to make posts reassuring everybody about their convictions. Had to bring yall up from the ashes. And try to hold onto what (seemingly) little you had left.
I'm so so sorry that I couldn't be of more help. But I had to wait. I was waiting for something VERY specific to happen that tipped me off as to exactly what was happening. And that finally happened.
But before we move onto that, we need to address why there was a decline during the time that HFs were "declining" in their short volume.
Why was the "law" broken. And how did it affect daily trades.
But first, here. You've followed along thus far.
Here, listen to this while you eat your banana
Okay, are we refocused? Now to the "rule" violation
The question that needs answering:
How can short volume decline AT THE SAME TIME that price declines?
The answer.... is in loans. Thats right folks. HFs take out more loans to cover their shorts. These loans are generally offered up by hedge funds who didn't short the stock, and have the capital to cover their shorts. Ofc, the lender in these cases charge MUCH higher interest for these "loans"
ASIDE: This is actually happening to GME right now. Somebody confirmed today that the companies vanguard and BlackRock make TONS of money "helping" other hedge funds out of their shorts.
This is very confusing. But imagine it like this.
If I borrow like 100 bananas to "short" the market on bananas, then the market on bananas gets squeezed, It is in my best interest to return my "shorted" bananas as quickly as possible to imply to the squeezers that their "squeeze" is over. Therefore, to accomplish this, I will have a buddy of mine LOAN me even more bananas, which I then return to "cover" my shorts without actually buying any. This makes make it look like I've returned all my "shorts" but will NOT raise the price of the company.
However, think about how this can backfire should the squeezers discover that HFs took out more loans to "cover" their shorts (private and not as easily reported nor found).
Should the squeezers discover this information, all they would need to do would be to simply wait it out longer. At some point, the, now, DOUBLE loans they took out need to be paid back TWICE.
In essence, this strategy that hedge funds use buys them some time to continue to manipulate the market to show down trends in the share price in the hopes of scaring retail traders to sell.
WELL I HAVE AN ANNOUNCEMENT
I FOUND THE LOAN NUMBERS AND CAN CONFIRM THAT THEY DOUBLED DOWN THIS WEEK!!!!!
I even paid for ORTEX to look for it (you are welcome. I hope you all reimburse me)
The new, private loans taken out are represented by the green line in that graph. The blue columns still represent shorted volume.
As you can see, the number of loans SKYROCKETS once the price hits its rising point.
Note: This graph ONLY shows NEW loans. Not existing ones.
Notice that the number of new loans taken during the time when the short volume mysteriously disappears nearly EXACTLY matches the number of shares shorted.
Conclusion from this post:
Yes the price declined.
Yes the short shares vanished
But those two things DO NOT co-exist and violates what we simpletons know as the "law" of shorting.
Therefore, we can conclude (and later I confirmed with ORTEX) that hedge funds made that short volume disappear by doubling down on their shorts behind the scenes.
Now, I know I have 2 more things to address on this post. But i'm tired of DMing and explaining all day and my wife is tired of me ignoring her.
Therefore, i can refer you to my post about "short ladder attacks" for why the price continued to drop until they hit a breaking point where you all got scared and sold.
Furthermore, I can confidently tell you that FFIE will not be delisted anytime soon. I just can't explain now as I havent slept or eaten in 2 days to prepare this for you all.
For the time being, you should all know that for a successful squeeze, you need DIAMOND FKN HANDS
You all keep screaming "i have diamond hands" but then sell soon as you get scared. That title is an earned title. Not a given one. Now go earn it.
Love yall
-MAX-FKN-PURPOSE
P.S. Please try to answer each other's questions. Im turning my phone off for (i feel) a well earned night of rest and quality time with my lady. I'll be back on tomorrow to help.