Sunday, December 18, 2011

Mobile App Index: 71.76(2.73%) WE 12/16/11

Doesn't it amaze you that just after we see what we think is a formal declaration that the European debt crisis is over that the stock market tanks again?  IMHO another reason to look for long term growth and value, because the hedge funds simply have the day traders over a barrel.  On a positive note, the index peformed as well as the major indices, and because of that it glided down -- a sign that it is approaching a value point.  My hope is that the value point it bounces off of will be higher than 65.25, but it's really a 50/50 proposition, so I cannot make a real prediction. 

Comparison: DJI (2.6%), S&P500 (2.83%), Nasdaq (3.46%), FONE (3.94%), EEM (4.65%)

Winners: NCTY +14.53%, P +6.57%, AUGT 6.38%, VELT 1.64%

Losers: MITK (16.59%), ROVI (11.31%), COOL (9.12%), GLUU (6.74%), COBR (5.29%)


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