August 6, 2006
STG
Looks as though momentum is turning for STG. A/D slightly losing momentum and TRIX is curving. However, 15dma is flattening to signal an end to downturn, or breather until it fully turnsaround. PPS is low and at support, so no use getting out yet. Filing of Q2 2006 expected around middle of August or at latest without extension 8/17/06. Need to see how International division is at Q2 2006 comparative basis after taking out the discontinued operations.
ADTR
Video gaming industry is turning around. Market sentiment is positive for gaming industry. GME and video gaming had good week with analyst being positive for future outlook of gaming industry. Some are worried about the how well PS3 will be received and fact that not all consoles will hit the market. Some are saying that it will need about 1 year or 2 year for full effect of new consoles hitting US and world markets. Need to see how market reacts to Q2 2006 filing. Would they sell into or accumulate more.
General
Consensus in Tuesday FED meet is to stop interest rate, but the sentiment is still neutral as to future. The uncertainty in market needs to be taken out before market can sustain gains. Fear of recession and high oil is dampening the market.
