Mobile App Index: 97.65 (-0.45%) WE 5/27/11

WINNERS: GAMES!  GLUU continued upwards this week with additional good news from the mobile gaming sector -- this took COOL and The9 Limited (NCTY) up with it. 

LOSERS: Bango Plc (LON:BGO), VRNG and AUGT fell for the third straight week with little or no news to explain the trend.  These big losers in the index have fallen 26%, 16.4% and 24% respectively since the inception of the index.  AUGT is down 44.2% from its' all time high on 3/4/2011. VELT became a big loser this week by dropping 21.47% leading to a net index decline of 17.7%.