Saturday, October 1, 2011

Mobile App Index: 68.21(-3.61%) WE 9/30/11

Another interesting week in the investment neighborhood, and a second week of setting the record low for the index.  The market continues to seek a solid bottom to land on.  The Dow went up 1.32% this week while the Nasdaq fell 2.73% and the S&P only slightly declined (-0.44%).  FONE was up very slightly +0.09% and EEM fell 2.18%.

Big Winner: P +36.28% -- what is going on there?! I don't see anything so noteworthy -- unless there is something about offering Pandora in every Hyundai Veloster that I don't understand.
Losers: GLUU (-26.48%), NCTY (-14.18%), COOL (-8.16%), MITK (-8.51%), VELT (-8.19%)
Again, no real news to explain these declines -- if anything the analyst news is quite positive.

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