The last train of Gamestop speculation! 19-year-old college student lost 10,000 euros in student loan savings, leaving 30 euros in his account

The “Fight Against Financial Goliaths” stock speculation started by American retail investors seems to have entered its final stage after the underlying speculation “Gamestop” plummeted more than 70% from its peak, but the most injured may still be the general public. According to the Washington Post, a university student in the Netherlands put his school loans and Parents‘ savings into the wave, but was too late to withdraw the funds and ended up losing 10,000 euros, with only 30 euros left in his account.

The newspaper pointed out that Evan Oosterink, who is only 19 years old, usually likes to discuss stock investments on the WallStreetBets section of the social media platform Reddit. He has invested a total of about 10,000 euros due to his obsession with the imagination of “beating the billionaires”. The money came from his parents’ savings over the years, and partly from government loans for school fees. He doesn’t know anything about the stocks he invested in and can only vaguely describe GameStop as a “store where you can buy all the games you want”.

If he had gotten rid of the stock last week, Ustrin would have made a profit equivalent to the average American’s annual salary. But now he has only 30 euros left in his personal account. He is not discouraged by this. He showed a screenshot of the App where he lost $300,000 on the forum and said that “going long will eventually win”, showing his unwillingness to admit his loss. When interviewed by reporters. Ustrin said “As a member of WallStreetBets, it’s like a religion. We won’t give in and we won’t give up. This strength allows us to continue to hold on to the stocks we have.

This speculative fiasco was seen by the internet as a ‘holy war’ for individual retail investors against shorting funds. Retailers flooded in to buy shares of GameStop in an attempt to inflict huge losses on shorting funds, which were looking down on the stock price. Some shorting fund companies have already been hit and announced that they will no longer short the stock. However, most analysts still believe that the speculative high stock prices will return to normal, and the retail investors will still be the ones who suffer the most in the end.