Quite a decline for the revised MobiAppIndex this week! The previous version of the index did not fall as far -- only 3.97%. AUGT appears to really be in trouble with investors now as they announced yet another public offering of stock at 0.80/share -- this after the recent declines tied to patent decisions and CEO changes. In addition MITK has come under new analyst scrutiny and has also become itself embroiled in a Patent death grip. While the greater markets appear to be influencing the MobiAppIndex, I would have to say that a significant portion of this weeks' decline can be attributed to the performance of individual stocks in the index. Prediction of heading in a positive direction continues.
On the positive side, key components of the index, EPOC and COBR continue to climb in a positive direction.
Losers: AUGT (29.09)%, MITK (27.9)%, VRNG (12.12)%, VELT (10.67)%, COOL (8.03)%, GLUU (7.94)%, ROVI (5.78)%, MM (4.27)%
Winners: EPOC +10.32%, COBR +4.54%, P +4.29%
Comparison: DJI (1.05)%, Nasdaq (2)%, S&P 500 (1.33)%, EEM (2.62)%, FONE (1.05)%
Upcoming Earnings: AUGT 10/10 11am ET, 10/22 VOCS, 10/29 MM, 11/2 GLUU, 11/5 EPOC, 11/5 ROVI, 11/13 VELT, 11/14 VRNG, 11/14 MITK, P 11/21.
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