Mobile App Index: 61.30 +2.69% WE 8/3/12

Once again MITK takes the gold for the week at +31.58%.  AUGT redeems itself, resets its' $2/share clock, and takes the silver at +25.29%.  Scorchers we had.  The bronze goes to ROVI, who has taken the analyst whipping boy slot for the past month or so, as news got out about a strategic relationship with ... Google and their earning report was in-line with expectations.  Yes, last week I surmised a 'shift' involving Google and this week it was Google that redeemed ROVI.  In the coming week we have numerous stocks due for their earnings report -- this will be interesting.  And come the end of October (I work for MSFT BTW) there will be even more exciting news to consider with Windows 8 Phone and their ARM-based Surface tablet.

The predictions were largely correct again -- the MobiApp Index probably gained a bit more than expected.  Regarding the comparison indices, they were right on target.  Since the results for the stocks within the index were quite mixed, I see the potential for more agressive growth as a larger portion turn positive. With the earnings coming this week, who knows where the stocks will wind up, but I'm sticking with the prediction -- a slow positive climb for all the indices.

Upcoming Earnings: 8/7 GLUU 4:30pm ET, EPOC 8/7 5pm EDT, VELT 8/14 3:30pm ET?, MM 8/8 5pm ET
Winners: MITK +31.58%, AUGT +25.29%, ROVI +9.75%, VELT +4.93%, NCTY +1.35%

Losers: GLUU (7.93)%, COOL (6.59)%, VOCS (6.47)%, P (4.79)%, EPOC (3.64)%, COBR (1.69)%
NOTE: If MM were in the formal index it would claim top honors with a (14.46)% loss.  I will add it some time after its' earnings report next week. I am already 'long' on MM, but do not have a full equivalent to related stocks like AUGT yet.

Comparison: DJI +0.16%, Nasdaq +0.33%, S&P500 +0.36%, EEM +1.01%, FONE +2.08%