When you have several million to invest in stocks, it is best to
leave the money in the hands of an expert,
who knows how to move it in the intangible world of the stock market.
There are many investment funds that are dedicated to it with greater or lesser fame.
However, one of them became popular among investors for its way of making money: it abandoned the traditional system of buying shares, aimed at looking for companies that provide long-term value, and
focused on the short term
.
Much money
ro in no time.
Behind this way of investing - not new but peculiar when it comes to several million - is
Gabe plotnik
, an American businessman whom his ambition and a group of foreros seem to have ruined in just twenty days.
Gabe plotkin
born in portland
and received a BA in Economics from Northwestern University.
A member of a practicing Jewish family, in 2006 he married his longtime girlfriend, the New York journalist
Yaara Bank,
and soon their first child was born,
Eytan Shmerel
.
At the time, Plotkin was managing the Steve Cohen fortune.
However, that business was too small for him and with the experience gained from his mentor he decided to open
their own society
investment fund manager: Melvin Capital.
Plotnik analyzed the market in search of a company whose value, according to his study,
was going to fall soon
.
Then it came to
Gamestop
, a company that sells video games at physical points in the United States.
Analyzing the profile of the new
gamers
and from the market
on-line
, It was not very difficult to find out that GameStop would lose value soon, since almost no one goes to physical stores to buy video games.
So Melvin Capital invested
part of 10 billion
of euros from its clients to buy short shares of GameStop.
So far it was a perfect move for Plotnik, who was making 30% profit for his clients in no time.
But his way of betting on the Stock Market, which looks for companies that are going to lose value,
began to be criticized by users
from Reddit, a kind of American Forocoches where some private investors participate.
At the end of 2020, a thread was launched to attack Plotnik through GameStop, the idea was that each user was buying shares and seeing how far they could go.
Gamestop shares started in early January and Thursday
they had revalued
up to 800%, also the company's stock market value, totally fictitious but caused by the law of supply and demand.
The more demand for shares, the more its price rises.
With Melvin investors panicking after learning that their money was no longer worth anything and
bankruptcy rumors
of the Wall Street wunderkind company, Plotnik has had to step out.
He assures that they are not broke, however, he has called his mentor, Steve Cohen, who has asked him
a generous injection of 2 billion euros
.
It is unknown in exchange for what.
In Manhattan they only talk about Melvin's bankruptcy and the power of forum users to influence the Stock Market
.
Something that cannot happen in Spain
.
"From the outset, if here a company suddenly begins to revalue, we have control of the CNMV, which
stop the quote
to find out what happens ", an investment fund manager explains to LOC." In the United States, legislation and control - more with small companies such as Gamestop-
is more lax
.
The alarms would only go off if they had tried with a big one like Tesla, then it would not be allowed that in a fictitious way that company was worth more than the GDP of the country, "he explains. By the way, to the CEO of Tesla, the eccentric
Elon Musk,
He has enjoyed the game of crashing the stock market and has encouraged small investors to keep doing it.
Plotnik, for his part,
has disappeared from the internet
and he has closed all his profiles on social networks and is safe in the house of 36 million euros that he shares in Miami with his family.
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