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Strategies & Market Trends : Charts on Near Term Uotrends

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To: Jibacoa who wrote (874)9/27/2005 12:35:46 PM
From: Jibacoa  Read Replies (1) of 1404
 
Re: TORM

Well, it seems that hurricanes Katrina & Rita although they didn't cause any damage to the Corpus Christi's plant, caused delays on shipments of raw materials and the 3rdQ results will not be as good as previously anticipated.<g>

But, according to the CEO, the plant is now running at full capacity and is expected to continue operating near full capacity through the 4thQ, since orders for TiO2 remain strong.

The stock tested support at the 5 level after a slight profit taking, but it is now on its way to close today's downgap.<g>The volume has remained low (39,142 at present)

bigcharts.marketwatch.com

Bernard
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