Mobile App Index: 96.02 (-1.67%) WE 6/3/11

The MobiAppIndex did reasonably well against the Dow and Nasdaq this week -- they posted losses of 2.87% and 1.80% respectively.  If you remove VRNG (-17.55%) and BGO (-6.86%) from the calculation, the biggest losers this week and their fourth straight week of decline, the index actually gained 0.42% overall for the week. 

While there continues to be almost no news for BGO, VRNG was in the news because they recieved a deficiency notice from NYSE AMEX and may be delisted.  VRNG may be removed from the list in the coming weeks as it no longer meets the basic criteria for inclusion in the index -- it is now below $2/share.

The big winners for the week were AUGT (+8.05%), which stopped its three week slide, and COBR (+6.61%).  These gains are especially noteworthy in light of the signficant overall decline in the markets this week.