Being bullish for the sake of being bullish, writing answers with answers in mind.

Again, it has nothing to do with public sentiment. Was there any public sentiment bigger than Tesla's around this time last year?

And does Xiaomi really have no issues with its ongoing public sentiment?

They all sell phones. Are all the institutions and retail investors favoring Apple because they're stupid? Xiaomi isn't even comparable to Apple in the smartphone market. Xiaomi's phone business, from scale to profit, is in the same league as Vivo and others.

The only noteworthy thing is their car-making venture. But the peak wave of new energy vehicles is already over. It’s only going to get harder year by year. To put it bluntly, it all boils down to making and selling cars. Even if fossil fuel cars are completely banned, what’s the big deal? The market caps of Mercedes-Benz, Porsche, and Toyota are just what they are.

AI is even more nonsensical. Do you think the seven U.S. tech giants are stupid for investing trillions in AI annually? How much does Xiaomi invest in AI each year? Are we supposed to be bullish on Xiaomi from an AI perspective too???

I said it during the September 27th presentation—if you spend so much time talking but don’t mention how much you’ll invest in AI, what’s the point?

The seven U.S. giants spent so much on AI and still haven’t achieved ideal results. Does Xiaomi think it can succeed in AI just by talking about it?

If AI can succeed under Xiaomi’s current investment logic, then the whole world must be fools, and Xiaomi is the only one awake.

Isn’t the answer obvious??

Xiaomi still needs to undergo value regression, but this regression is just a return to normal from its highs.

And as for shorting and waiting for retail investors to sell before pumping—come on, retail investors make up 40% of the global stock market on average. Without retail investors, how can institutions play? This slow decline in Xiaomi isn’t shorting; shorting is a means and behavior, not the goal. Institutions are just slowly exiting Xiaomi for better positions. It’s just portfolio adjustment. After all, Xiaomi has no visible high-growth points left. Institutional capital can’t just sit there and waste time. If Xiaomi really turns around, they can always come back—Xiaomi’s stock isn’t going anywhere.

Finally, my returns are low, so my judgment must be wrong. 🤣🤣🤣

But I was screwed by Xiaomi, so here’s the question: am I right or wrong about Xiaomi? 🤣🤣🤣🤣