Volatility indeed! Aaannd ... my prediction was wrong. :-) Again. MITK plummeted 53.8% after earnings, which brings the 'darling stock' down around 81% over the past 5-weeks. EPOC dropped 12.65% despite producing fairly positive numbers. VOCS announced earnings, but the announcement was not published until shortly beforehand -- a positive double surprise by yielding a 20% gain. It was a major decline all the way around and gleaning sense merely from the index activity remains challenging, except to say that it is intimately bound to the behavior of the major world indices. That 'effect' hit the hardest this week since 12/16/11, but appears to be more like what we experienced at the end of November 2011 -- there may be more declines to come. In short, these tiny stocks appear to mean little when compared to the larger indices, but I stick by my theory that it can serve as a leading indicator. Having said that, I think that the index will head towards positive territory this coming week -- relatively speaking against the indices or absolutely. Like me, I believe that the market *wants* to be optimistic, but the going is still quite challenging.
Upcoming earnings:
AUGT 5/8 11am ET, P 5/8 11:35am EST, VELT 5/15 4:30pm ET
Winners: VOCS +20.14%, AUGT +1.3%
Losers: MITK (53.8)%, EPOC (12.65)%, ROVI (8.2)%, GLUU (7.3)%, COOL (7)%, COBR (4.06)%, NCTY (3.58)%
Comparison: DJI (1.43)%, Nasdaq (3.68)%, S&P 500 (2.43)%, EEM (2.27)%, FONE (3.89)%
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