After the first day of trade we can see the price of DropBox in a little bear channel. They have stopped right on the MA20.
Would be good to break USD 29.00 on Monday otherwise we could see more downside.
Even with Dropbox being evaluated at 8 billion, less than their 10 billion dollar evaluation in 2014, you should still short their stock. There are plenty of other cloud storage companies out there that are even integrated into platforms users use on a daily basis (google). In my mind the only way for Dropbox to succeed is if they create their own platform that...
