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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (873)9/26/2005 3:20:03 PM
From: Jibacoa  Read Replies (1) of 1404
 
TORM is up almost 19% today on expanding volume.

Jim Cramer recommended NL on CNBC on Friday based on the fact that the recent hurricanes had caused damage to DD plants producing titanium dioxide which is used in paints and toothpaste.

If the price of NL, which has a relatively small participation on the titanium dioxide market, can benefit by the expected rise in price of TiO2 then TORM, which has a larger % wise participation through its HITOX, should experience a much larger benefit.<g>

bigcharts.marketwatch.com

Caveat: I am long TORM and although the volume today is already over 135,500 the average daily volume is around 16Ks and the insiders hold more than 30% of the 7.82M shares. <g>

Here is a list of TiO2 producers. Of course, TORM isn't listed. NL's participation is through KRONOS.

the-innovation-group.com

Bernard
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