Mobile App Index: 76.40 (-1.75%) WE 9/9/11

The index flattened its' trend by retreating 1.75% this week, but remains above its' 4-week moving average.  Compared to the major indexes, this weeks' decline showed some potential for strength too:  DJI (-2.58%), Nasdaq (-3.06%), S&P (-1.92%), EEM (-1.26%), FONE (-3.06%).  We are approaching the gadget laden holiday season after all.

Winners: MITK + 5.28%, COOL +12.18%
Losers: P (-14%), GLUU (-7.85%), VOCS (-6.43%), COBR (-6.21%), ROVI (-4.24%), VELT (-3.01%)

News/Analysis: Pandora (P) continued to attract criticism from the analyst community, but it is hard to determine if these criticisms are material or FUD PR generated by hedge-fund short-sellers.  Certainly the volatility in the market overall has yielded such great swings each day that it makes you wonder if the investment community is really clueless or if there is some method to the madness -- and it would be surprising if this weren't hard to discern.  There was not much news to report elsewhere within the index, but the Smartphone patent fights between all the major manufacturers and technology companies continue to shape up in Europe and elsewhere -- as long as it doesn't thwart the overall growth of this rapidly emerging technology space this litigious focus only underscores the value placed on its potential.