Saturday, September 22, 2012

Mobile App Index: 65.2 (0.39)% WE 9/21/12

The new version of the index, which includes MM and VRNG, went down with all of the other related major indices while the February version of the index went up.  Prediction mixed, and mostly appears connected with the overall market performance.  Next weeks' prediction will be the same: slowly moving upwards.

As usual there does not appear to be much news that is driving any price changes, since we are between earnings seasons, which reinforces the overall market sentiment driving pricing.  P may have declined due to Apple's announcement of a competitive offering. VELT appears to continue its climb since its earning reports by getting new coverage from the analysts. The big drama of the week centered around AUGT, which dropped around 36% on Monday with no official news and eventually ended the week up 2.8% after the public announcement that they're changing CEOs.

Comparison: DJI (0.1)%, Nasdaq (0.13)%, S&P500 (0.38)%, EEM (1.43)%, FONE (2.29)%

Winners: VELT +6%, EPOC +5.18%, AUGT +2.8%,  VOCS +2.19%, MM +1.56%, GLUU +1.41%

Losers: COOL (10.46)%, P (7.49)%, ROVI (7.23)%, VRNG (7.04)%, MITK (3.24)%

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, 11/21 P.


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