Mobile App Index: 55.11 (2.24)% WE 10/26/12

Another week of declines led to another new low for the Mobile Application Index.  All of the major indices declined as well, so it appears that this week was just a general market trend.  Maybe the Mobile Application Index was an early indicator for the broader markets again?  Prediction of upward trend for the Mobile Application Index remains, but the broader indices will likely continue to decline through the week - this maybe a repeat of what we experienced in February.  If so, then let's look for news on exotic derivatives that have come unglued.

Earning update: VOCS beat earnings expectations but did not see a bump in their share price following.  Next week is a big week for earnings (see highlighted below)

Upcoming Earnings: 11/1 MM, 11/2 GLUU, 10/30 EPOC, 11/5 ROVI, COBR 11/8, 11/13 VELT, 11/14 VRNG, 11/14 MITK, P 11/21, 1/9/2013 AUGT, 1/14/2013 COOL.
Winners: AUGT +15.15%, MM +11.47%, VRNG +1.78%

Losers: P (10.33)%, EPOC (7.95)%, MITK (7.46)%, COBR (5.94)%, VELT (5.19)%, COOL (3.67)%, VOCS (1.13)%

Comparison: DJI (1.77)%, Nasdaq (0.59)%, S&P500 (1.48)%, EEM (0.55)%, FONE (1.41)%

Mobile App Index: 56.37 (4.81)% WE 10/19/12

This week was a new low for the Mobile Application Index -- 56.37.  It also represents the second week of declines for the index, where every stock except MITK declined.  What has dragged the index down so far this week?  It appears that overall sentiment has recently become increasingly negative towards this rapidly growing sector of the business world, and Google's leaked earnings probably did improve that perception this week.  I will retain the prediction of a return towards positive territory next week.  :-)

Some of the earnings dates appear to have shifted and we're seeing some dates for next quarter already.

Upcoming Earnings: 10/23VOCS 4:05pm ET, 11/1 MM, 11/2 GLUU, 10/30 EPOC, 11/5 ROVI, COBR 11/8, 11/13 VELT, 11/14 VRNG, 11/14 MITK, P 11/21, 1/9/2013 AUGT, 1/14/2013 COOL.
Winner: MITK +6.35%

Losers: VRNG (17.78)%, AUGT (11.41)%, COOL (9.51)%, EPOC (8.34)%, MM (8.05)% ... :-)
Comparison: DJI +0.11%, Nasdaq (1.26)%,  S&P500 0.32%, EEM 0.46%, FONE 0.27%

Mobile App Index: 61.44 +0.86% WE 10/05/12

Without VRNG, the prediction would not have been confirmed -- a 56.55% gain this week!  AUGT's slide slowed and will report earnings next week.  Overall markets recovered quite a bit of their recent losses, except FONE that continued to slide.  Next weeks' prediction -- slow positive movement potentially via a positive earnings' report from AUGT.


Winners: VRNG +56.55%, VELT +5.73%, COBR +5.52%, MM +4.95%, MITK +0.93%

Losers: GLUU (13.79)%, NCTY (10.15)%, VOCS (7.53)%, ROVI (6.48)%, EPOC (5.06)%, AUGT (1.28)%

Comparison: DJI +1.29%, Nasdaq +0.64%, S&P500 +1.4%, EEM +1.52%, FONE (1.52)%

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.