Build a short selling research framework for [COMPANY/SECTOR]. My thesis: [DESCRIBE BEAR CASE]. Develop: 1) Fundamental red flags checklist (accounting irregularities, revenue recognition, related party transactions, management turnover), 2) Competitive moat erosion indicators, 3) Balance sheet stress analysis (debt maturity wall, covenant risks, cash burn), 4) Valuation analysis — what's priced in vs. reality, 5) Short squeeze risk assessment (short interest, float, borrow cost, catalyst calendar), 6) Catalyst identification — what events would accelerate the bear case, 7) Entry and exit strategy for a short position given this analysis. Identify the strongest counter-arguments to my thesis.