A Mobile Application Stock Index
Seeking Alpha Analyst Since 2010
GLUU did extremely well immediately following the announcement of their quarterly financials, but unfortunately did not hold its' position. This is quite common with the mobile app stocks right now -- probably because the volatility is ideal for day trading and the average investor does not really have long term confidence in these stocks yet. I bailed out of my position this week and took some profits.
I have been researching the topic of Mobile Application stocks pretty thoroughly for several months, but believe that there remain gaps and expect to see the number of stocks in this area climb dramatically over the next 6 months. What I present below is my list of Mobile App Stocks that I have begun to track in a Mobile App Stock Index:
|Glu Mobile Inc.||GLUU|
|Cobra Electronics Co||COBR|
|The9 Limited (ADR)||NCTY|
|Augme Technologies Inc||AUGT|
In the coming weeks I will track these stocks.
The basis for selecting them is quite simple: They need to be a publicly traded company in the Mobile Application space, and their share price needs to be above $2. In some cases these companies went public before the Smartphone craze, so they demonstrate a deep commitment to growing into the Mobile App space. I will continue to refine this definition as more companies enter into the field -- for example I may add COOL into this list.
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