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The Glamour Stocks: Profit Taking or Something More Sinister?

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No other stocks other than the leaders can have more than a temporary effect on the market's course. -Joseph Kerr Jr. (1931) It's not the reasoning; it's the conviction. -Robert Prechter When conviction in the generals wanes the troops often have a hard time holding field position and the tide can turn. So let's take a look at one of the strongest of runaway glamours in the last few months. 3D Systems (NYSE:DDD) has been a rocket since the market upthrust from October 9. On that day 3D Systems flushed its 50 DMA scoring a low of 47.33 which defined ...
    







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