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Dropbox, Inc. (DBX)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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June 15, 2021 - University of Michigan is switching all of their services from Box to Dropbox over the next year. Dropbox is the better service...
RBC Capital Mkts resumed coverage of Dropbox with a rating of Outperform and set a new price target of $35.00 from $28.00 previously
No more chatting until it breaks $30
I love and hate DBX. First purchased almost four years ago now, almost break even. Of all purchases in 2020, 2 at 25% gain, 2 at 50% and 1 at 60%. At least I took advantage last year to keep buying, nicely net positive.
I’m sure the ones complaining about the performance have owned it for years when it was in its initial ipo phase. Investing when an IPO is as close to gambling as investing gets. Now here we are years later. All the initial bag holders have been shed as shares have been handed over to long term investors and institutions. Its consolidating and tightening up on lower volume which are good signs. Looking for higher prices in the weeks ahead. Later.
Elliot Management will likely have to submit their Schedule 13D tomorrow to the SEC. I believe that is the 10th day since crossing the common voting share threshold.
Today's prediction: My guess is that today's low will be about yesterday's close (let's say 29.35). After it holds at that price for a while (like it did at 28.50 on June 4th before the run), it will pop up to somewhere around 29.80 (my guess is late Thursday morning). Then it consolidate to back down to around 29.45 before breaking 30 on Friday.
Mark your calendars.
Looking at past history on Elliott mgmt. it is clear that they like to move in on tech companies and possibly force a sale and or change leadership. Check out the June 2020 CNBC article on them, one company called them a "doomsday investor" leadership changes/forcing sales. Sure seems like it is good news for us longs! GLTA
DBX will break 30 resistance tomorrow and set 31.9$as next resistance.
We are on the 52 week high list- and you know what happens to these stocks- they move MUCH HIGHER.
All techs looking fantastic. We're going higher this week. Beautiful uptrend. Next stop 30.95ish.
breaking into altime highs with 23 million as of like 10 days ago shares short might cause a nice little jump today
see ya all at 45.
Expect a short cover rally soon.. short cover for mid of June will push it up..
Give me the 30
When the share price was below 20$ almost everyone was bearish here, now everyone are very bullish!
But the business and fundamentals are same in the last 12 months other than share buyback.
its seems to be people are not buying shares according to the fundamentals, just following the share price trend :(
the cloud space has had it's mergers recently. They have gone for a permium. DBX should follow suit
elliot m jesse cohn stepped down from Twitter. welcome to dropbox
Looking forward to seeing what Elliot Mgmt suggests. Could be helping to fix inefficiencies + general strategy, could be prepping DBX for M&A opportunities.
well we were all hoping to reach $30 and it did...it was underwhelming though I will admit since it was there for a nanosecond. I expected the drop back a little though. Should stabilize between $28-$29 before next move up to $35ish.
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