Mobile App Index: 72.91 (8.64)% WE 4/6/12

I wish that MITK alone could be blamed for this weeks' decline, but many of the stocks in the index were impacted this week.  On the other hand, the comparison indices were down, but not dramatically.  MITK's decline can be attributed mostly to a patent dispute that resulted from failed negotiations with USAA  -- truthfully the outcome is not clear but the stock plummeted anyway.  There was also a downgrade for MITK after the patent dispute was announced.  An analyst "pile-on?" Hard to say.  My prediction for next week presumes that "something is up" and the major indices will follow this weeks' decline in the Mobile Application Index -- they will decline significantly.

Losers: MITK (36.64)%, VELT (9.59)%, AUGT (7.41)%, COBR (4.25)%, VOCS (3.55)%, P (2.84)%, ROVI (2.33)%
Winners: GLUU +2.68%, COOL +0.4%, NCTY +0.35%
Comparison: DJI (0.65)%, Nasdaq (0.65)%, S&P500 (0.37)%, EEM (0.37)%, FONE (3.2)%