Lillian McKenna Posted February 21, 2020 Share Posted February 21, 2020 Should I buy Dropbox stock given its recent rally on positive earnings? Quote Link to comment Share on other sites More sharing options...
0 Simon Mugo Posted February 24, 2020 Share Posted February 24, 2020 Hi Lillian, I don't think this is the right time to buy Dropbox (NASDAQ:DBS) shares given that the stock gapped higher following the company's stellar Q4 earnings report. The best course of action in such cases, is to wait for the stock to pullback from its current highs and then buy it at a much lower price. Most stocks usually pull back after a major rally or a gap up allowing smart traders and investors to take a position in the company at a favourable price. Buying the company's stock at a much lower price gives you a better risk to reward ratio if the stock rallies higher. Therefore, I would wait for a pullback before buying any Dropbox shares. Quote Link to comment Share on other sites More sharing options...
Question
Lillian McKenna
Should I buy Dropbox stock given its recent rally on positive earnings?
Link to comment
Share on other sites
1 answer to this question
Recommended Posts
Join the conversation
You can post now and register later. To reply to this question, sign in or create a new account.