July 21, 2006
STG
Took a beating. down .05 to close at .28. Could be market afraid to hold over the weekend and market consensus of downturn in future. Many are thinking recession, but with rate increases estimated to stop in Aug, how could there be recession, if economy will grow at sustainable pace?
STG sold two companies to companies related to Jason Totah, who is ceo of STG. Conflict of interest and thus the reason for downturn? Not likely.
ADTR
Took a beating, down .03 to close at 0.095. Could be same reason as above, afraid of holding over weekend or afraid of recession. The industry appeared to be turning and SONY PS3 is expected to be releashed earlier than Nov 2006 release date. No idea why it went down today...
