Mobile App Index: 63.45 (2.04)% WE 6/29/12

I was sort of right about the major indices, but was definately wrong about the MobiAppIndex.  The decline was pretty broad for the stocks in the index -- AUGT and VELT were the biggest losers.  MITK finally slowed its' meteoric climb and the gaming stocks GLUU and COOL took the greatest gains for the week.

Spain had a brief 'crisis' in the beginning of the week, but it all ended well.  In the mobile space Google announced their Nexus 7 tablet, which now goes along side Microsoft's Surface offerings as the new competitors on Apple's block -- for the index it's all good (eventually).  My thinking lately has been that this space has not even begun to mature yet, so the future still looks bright but the road will continue to be very windy.

Next week, I expect a continued slow positive movement all the way around.

Winners: GLUU +14.67%, COOL +12.99%

Losers: AUGT (14.04)%, VELT (10.4)%, NCTY (7.36)%, ROVI (5.72)%, EPOC (4.41)%

Comparison: DJI 1.88%, Nasdaq 1.47%, S&P500 2.02%, EEM 3.64%, FONE 0.49%