Predictions are made to be disproved -- and this week was a great example as we saw the biggest declines since the "great plummet of '11!" The new index went down almost twice as far as the old index (4.82%). The weeks' performance can be summarized as follows: both EPOC (18.84%) and VOCS (40%) announced earnings -- they dropped dramatically following -- and COBR continued its' downwards slide from last week. Comparison indices were mixed, but the related index FONE was down 2% this week. The analysts actually had something to say about both stocks immediately following the earnings period and none of it was 'positive' -- this despite both companies putting in decent sales figures for the period while guiding future revenue downwards. VOCS did acquire iContact, which also impacted analyst sentiment. It was a 'broad decline' this week as only P showed a noteworthy gain. The rules governing the index are too simplistic to warrant further analysis of the analysts, however. Having said this, I reiterate my prediction from last week.
Analysts on VOCS earnings:
http://finance.yahoo.com/news/vocus-beats-estimates-guides-firm-140023458.html
http://seekingalpha.com/article/407271-for-vocus-a-costly-step-into-a-new-market?source=yahoo
Analysts on EPOC earnings:
http://finance.yahoo.com/news/Epocrates-Streamlines-pz-1189511895.html?x=0
http://www.forbes.com/sites/ericsavitz/2012/03/02/epoc-fail-the-lessons-of-the-crumbling-of-epocrates-shrs/
Winners: P +7.92%, GLUU 3.16%, COOL 2.34%
Losers: VOCS (40%), EPOC (18.84%), AUGT (8.68%), NCTY (5.23%), COBR (4.99%), VELT(3.44%), MITK (1.53%)
Comparison: DJI (0.05%), Nasdaq 0.42%, S&P500 0.28%, EEM 1.06%, FONE (2%)
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