Mobile App Index: 75.83(6.91%) WE 11/11/11

The best thing about a prediction is when it is proven completely wrong -- the index plumeted almost 7%  ending the streak.  Next weeks' prediction is that the index will head back upwards, however.  Two key events contributed to this weeks' decline: ROVI's earnings report and AUGT's announcement that it will hold another public offering.  While ROVI met its' earnings goal of 0.63 per share, it also announced that its' profits declined dramatically from the year prior due to increased expenses.  The overall market experienced more investment drama due to the crises in Greece and Italy.

Earnings coming up: MITK 11/14 (announced on 11/8), VELT 11/15

Comparison: DJI +1.41%, Nasdaq (0.28%), S&P500 +0.85%, EEM +3.02%, FONE (1.41%)

Winners: COBR +12.4% (positive earnings, and streak continues 11 of 12 weeks), VELT +17.28%

Losers: ROVI (38.2%), AUGT (24.14%), P (9.66%), MITK (4.02%), GLUU (4.29%), NCTY (8.49%), VOCS (4.93%)
NOTE: COOL's streak was ended too.

Groupon (GRPN) IPO'd this week and has seen its stock settle into negative territory, ending down 7% at $24.25 (Market Cap @ $15.5B) for the week.  This stock will be considered for the index in the New Year, and the index will be rebalanced at that point as well.