Friday, November 18, 2011

Mobile App Index: 71.84(5.25%) WE 11/18/11

Predictions are on hold for now -- earnings and related announcements led to MITK (16.96%) and VELT (1.28%).  MITK missed its' earnings estimate and will raise more capitol via another public offering.  While VELT missed its' earnings estimate, it completed a key acquisition of the Mobile Interactive Group. COBR continues its streak. In addition, the european debt crisis continues to influence volatility.

Comparison: DJI (2.94%), Nasdaq (3.94%), S&P500 (3.81%), EEM (2.62%), FONE (1.25%)

Upcoming earnings: P on 11/22

Winners: COBR +11.03%, VOCS +4.03%

Losers: AUGT (20.91%), MITK (16.96%), GLUU (8.66%), COOL (7.55%), ROVI (7.32%)

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