December 16, 2019 - MDT Alert (DBX)

While the Diary of a Mad Hedge Fund Trader focuses on investment over a one week to the six-month time frame, Mad Day Trader, provided by Bill Davis, will exploit money-making opportunities over a brief ten minute to three-day window. It is ideally suited for day traders, but can also be used by long-term investors to improve market timing for entry and exit points.

Today, I would like to make a recommendation on a stock that appears to have bottomed.

The stock is Dropbox, Inc. (DBX).

DBX does have weekly options, but I am not going to suggest you trade any options at the moment.

Instead, I am going to suggest you buy the shares.

DBX is trading around $17.18 as I write this.

Buy DBX at the market.

Limit the trade to 400 shares, which would be about 6.8% of the nominal portfolio.

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