Ending a 4-week downwards glide, the Mobile Application Index moved up slightly this week but did not exceed the major indices -- only EEM under performed the index. One way to characterize this weeks' behavior is that most of the stocks in the index continued to drift downwards while two stocks in the index clearly "jumped" upwards. FONE and EEM have now climbed into positive territory three weeks in a row -- good signs for the world markets and the smartphone technology space.
Earnings season appears to have crept upon us again -- AUGT announces on 1/9. Cannot identify additional earnings announcements for the index at this point, however.
Winners: COOL +21.72%, AUGT +9.70%, MITK +0.97%
NOTE: AUGT ended Friday +16.67% -- so it is expected that the stock will continue to climb through the earnings announcement on 1/9. Yes, this is a prediction.
NOTE: COOL continues to exhibit *increasingly extreme volatility* -- this time ending a 4-week drop with its' biggest weekly gain since the inception of the index.
Losers: VELT (6.47%), GLUU (4.46%), COBR (5.42%), VOCS (2.72%)
Comparison: DJI +1.16%, Nasdaq +2.64%, S&P500 +1.61%, EEM +0.76%, FONE +1.25%
As the earnings season unfurls, the index should become much more exciting and volatile. Given the general lack of information around these stocks, we only have the market environment surrounding these stocks for reference -- and as stated in the previous posting this environment continues to grow at one of the fastest identifiable paces in a world with economies that are recovering anaemically.
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