DFT, it is a colo REIT, great space with a strong yield. The movement towrad cloud will drive this stock higher as they will provide Space for the VMWARES of the market. We are long it at hedgefundlive and will continue to hold it
Something is still weighing on the stock but DFT is forming a solid base near $22. I called that level of support previously but I expected more of a "tag" than a "stick". I think the risk of loading up at $22 is fairly low, but it still bothers me a bit since poor news from EQIX should have faded a bit. Perhapse DFT fell victim to some sector rotation. If so, the money will come back and a nice bounce should follow. I should disclose that I do not currently hold DFT.
Agreed on all accounts! The behavior was still a little wonky between earnings and the market pullback, but EQIX will stink up the sector till DFT takes them and RAX out by market cap. It will take time but I've observed DFT as having faster growth in market cap since it caught my attention in '08, 700M then and 1.36B now (as reported by Yahoo).