Friday, May 20, 2011

Mobile App Index: 98.09 (-4.18%) for the week ending 5/20/2011

By comparison the Nasdaq was down (-0.89%), the Smartphone Index (FONE) was down (-1.68%), and Emerging Markets (EEM) was up +0.32% for the week.

VRNG announced earnings this week, but the expected price jump did not occur.  Given the overall light trading for this stock I managed to sell my position with a slight net gain thanks to limit orders.

ROVI continued to move upwards this week, and is not far from the peak achieved immediately following its earnings announcement.

VELT also gained this week, in what may be late recognition of the companies earnings report on 5/12.

GLUU rose after it received a BUY rating from ThinkEquity on 5/19.

COOL, AUGT, BGO were the big losers this week at 16.15%, 17.65%, and 11.88% respectively.

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