Seeking Alpha

Edward Schneide...'s  Instablog

Edward Schneider, CFA
Send Message
Edward Schneider is a managing director of Quan Management LLC. Mr. Schneider has over 25 years of investment experience, including 18 years managing technology funds in both quoted equities and venture capital. Mr. Schneider holds a CFA designation, an MBA from Thunderbird and a BA from Emory... More
My blog:
  • Follow Up - Leading-edge mobile companies: Buy Yoc, Sell Augme Technologies 2 comments
    Mar 2, 2011 10:54 AM | about stocks: HIPP
    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: HIPP
Back To Edward Schneider, CFA's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (2)
Track new comments
  • 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
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.