In hindsight it’s easy to have opinions but in this case we laid it out in black and white. In it I cautioned about staying long and stressed the importance of stops. I wrote an article back then making that exact point. Savvy bulls should have booked their profits as Dropbox stock neared $27 per share. The experts would split hairs over the niches that either those two have. In addition, they have many smaller worthy foes like Box (NYSE: BOX), to name one. I’ve been apprehensive about the upside potential for many reasons.įirst and foremost, I don’t think they can battle toe-to-toe with the competition like Alphabet (NASDAQ: GOOGL,NASDAQ: GOOG) for example. The market has spoken and it will take a catalyst to change its mind.Īlthough I feel for the investors who lost money from the highs, I feel vindicated a bit. While the cohort caught massive fire, Dropbox still cannot sustain its rallies.

The explosion in demand for cloud stocks shined a light on it.

This has been my suspicion since the beginning. The gist of today’s note is that there are better places to be than DBX.

Dropbox stock forecast