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Edward Schneider, CFA
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Edward Schneider is a managing director of Quan Management LLC. Mr. Schneider has over 20 years of investment experience, including 15 years managing technology funds in both quoted equities and venture capital. Prior to founding Quan Management in 2000, Mr. Schneider was a Geneva-based fund... More
  • Follow Up - Leading-edge mobile companies: Buy Yoc, Sell Augme Technologies 2 comments
    Mar 2, 2011 10:54 AM | about stocks: HIPPQ

    Since writing this article in late January, Yoc has increased 20%. Much of this gain has been reduced by a 15% rise in Augme (AUGT.OB) stock. Augme is clearly overvalued even on projected numbers. One of the reasons that our Fund shorted Augme, however, was its low cash balance, which in a downturn, would have quickly brought this stock down to Earth. In February, however, Augme raised $9M, which gives them some downside protection for now. Also, it appears Augme's sequential growth is rising, as purported backlog has increased from $20M a few months ago, to $30M. While this backlog requires further investigation, the company clearly has some operating momentum. The risk-reward of our Augme short position today has become less attractive, so we covered this short position in our Quan Technology Fund. We continue to maintain our long position in Yoc.

    Stocks: HIPPQ
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Comments (2)
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  • psmith819
    , contributor
    Comments (535) | Send Message
    Sell Augme? I keep buying big man. I'll buy what you sell.
    28 Mar 2011, 01:57 PM Reply Like
  • psmith819
    , contributor
    Comments (535) | Send Message
    Still want us to sell Augme? I'm sure your buying as much as you can! AUGT - LONG!!!!!!!!!
    28 Jun 2011, 09:19 PM Reply Like
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