MobiApp: 70.63 (1.57%) WE 12/23, 69.15 (2.09%) WE 12/30

The index continued a slow decline over the past two weeks, while the major indexes rapidly climbed the first week and ended mixed the week following, as follows:

WE 12/23:
Major Indices: DJI +3.6%, Nasdaq +2.48%, S&P500 +3.74%, EEM +2.52%, FONE +4.45%

Winners: MITK +11.9%, GLUU +3.46%, ROVI +3.52%, COBR 3.49%, VOCS 3.63%
Losers: NCTY (15.55%), AUGT (8%), VELT (4.54%), P (5.12%), COOL (3.23%)

WE 12/30:
Major Indices: DJI (0.56%), Nasdaq (0.33%), S&P500 (0.43%), EEM +0.05%, FONE +0.67%

Winners: NCTY +4.86%, VELT 4.29%
Losers: COOL (9.63%), MITK (9.26%), GLUU (4.56%), AUGT (2.9%)

No substantive news appears to be driving any of the individual stock changes, and the continued slow decline for the index serves to re-inforce that observation perfectly.  No good news usually leads to a downward drift -- especially for stocks considered to be high-flying/risky.  Given the sheer lack of stocks in this category and the continued emerging nature of mobile application software for the smartphone and tablet markets, these stocks clearly fall into the high-flying/risky category.

To illustrate the high-flying nature of the market for mobile application software companies:

• Tablet sales are growing in an approximately 300% year over year growth rate -- to be expected since it is so new and there is a lot of customer demand.
• The more mature smartphone market grew 57% year over year, with Android-based phones growing to where it now owns the largest share of this growing market -- quite a feat for big 'ol Google in this spectacular market.

Let's hope that the stock markets stabilize and begin to demonstrate some growth in the New Year!  Surely there is value somewhere.  :-)