r/tqqq
Retail Trader Behind The Biggest Short Squeeze In History
The post compares the RGC short squeeze to GME's 2021 rally, arguing RGC's 54,681% gain dwarfs GME's 2,700% move.
- RGC achieved a massive 54,681% gain, dwarfing GME's legendary 2,700% short squeeze.
- Grandmaster-OBI's call on RGC is being compared favorably to Roaring Kitty's historic GME thesis.
RGC vs. GME: The Comparison Wall Street Does Not Want to Have
GameStop’s 2021 short squeeze remains one of the most famous retail trading events in history.
Roaring Kitty became the face of that movement because of his conviction in GME, his public thesis, and his ability to galvanize retail attention at the exact moment WallStreetBets was becoming a market force.
Using a widely cited comparison, GME moved from around $17.25 at the beginning of January 2021 to an intraday high of about $483 on January 28, 2021.
That was an estimated +2,700% move.
A hypothetical $1,000 position in GME from $17.25 to $483 could have reached about $28,000.
That is legendary.
But now compare it to the RGC move supporters attribute to Grandmaster-OBI:
|Comparison|GME Short Squeeze|RGC Rally|
|:-|:-|:-|
|Retail Figure|Roaring Kitty|Grandmaster-OBI|
|Ticker|GME|RGC|
|Starting Price Used|$17.25|\~$0.18 split-adjusted|
|Peak Price Used|$483|$98.75|
|Approximate Gain|\+2,700%|\+54,681%|
|Hypothetical $1,000 Peak Value|About $28,000|About $547,810|
That means the RGC move, by this comparison, was more than 20 times larger than the famous GME move by percentage gain.
That does not erase Roaring Kitty’s impact.
GameStop changed the market forever.
But it does explain why Grandmaster-OBI’s supporters are saying something that Wall Street may not want to hear:
Roaring Kitty had the most famous retail squeeze. Grandmaster-OBI may have called the bigger one.