Friday, October 21, 2011

Mobile App Index: 79.72 +0.67% WE 10/21/11

Major indexes were mixed this week, while the MobiAppIndex barely finished in the positive for the third straight week.  This is the first time since July and the second time since the index began that the MobiAppIndex has increased three weeks in a row -- one more week makes it a record for the index.

Winners: NCTY +13.51%, COOL +7.42%
NOTE: COBR continues a streak with 0% the week before and +1.41% this week. Rephrased this becomes 8 out of the past 9 weeks without a decline.
Losers: ROVI -5.06%, AUGT -5.23%, VELT -5.66%, VOCS -4.42%

Comparison: DJI +1.4%, Nasdaq -1.13%, S&P 500 +1.12%, EEM -1.86%, FONE +0.08%

Meaningful news continues to be scant for these stocks, except maybe COOL that has been on a +52% tear for the past 3-weeks.  While I don't consider historic analyst observations meaningful :-), in this case it was a veritable analyst 'pile-on.'

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