Saturday, February 4, 2012

Mobile App Index: 82.61 +6.56% WE 2/3/12

My prediction was wrong -- the Mobiapp Index went up well over last weeks' 4.22% gain.  We can now mark seven (7) straight weeks for EEM and FONE, and VELT is now in its' fourth (4) week.  With earnings coming up next week, I expect the potential for even more volatility.

Upcoming Earnings:  MITK 2/7 EOD, GLUU 2/7 EOD, ROVI 2/16 EOD, VOCS 2/28 EOD

Comparison: DJI 1.59%, S&P500 2.16%, Nasdaq 3.16%, EEM 3.58%, FONE 3.87%

Winners: GLUU 28.62%, NCTY 14.50%, ROVI 13.88%, VOCS 5.03%

Losers: AUGT (3.69%), P (0.72%)

GLUU is announcing earnings at the end of the day on Tuesday, but it would appear that the 28.62% gain this week indicates that the announcement may already have been leaked/communicated?  Oh greedy investors, what ever happened to honor and integrity -- and being able to sleep with a clean conscience?  MITK communicated their earnings call for 2/7 on Thursday and it promptly plummeted, but on Friday the trading activity appears to have intensified further and it recovered its' losses.

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