long 3,000 shares of $CNET at $1.10 based on long support line and FaceBook generated interest in social networking companies. CNET runs the www.Chuangye.com — community for entrepreneurs that provides a wide variety of essential and value-added services, including business recommendations, business information, entrepreneurship training, business expos and interactive communities. Everyonejoining chuangye.com will be able to share, trust and take part in building a healthy and mutually-beneficial social networking community.
We sold the $TVIX position for a small loss today. Shares were added long in $WZE once more based on a couple upcoming events. First and foremost being the upcoming FAB acquisition which is billed as the fastest growing, comprehensive outlet for media in China covering all the popular outlets for reaching consumers. FAB’s unaudited results for 2011 are $70.9 million in revenue with $15.3 million in earnings. A second catalyst for $WZE is found in the upcoming FaceBook IPO. We note that Wizzard recently integrated their Libsyn Publishing Platform with Facebook.
long 30,000 shares of $WZE at 0.18 for upcoming FaceBook IPO
Wizzard Media’s Libsyn Publishing Platform To Integrate With Facebook
PITTSBURGH–(BUSINESS WIRE)–Wizzard Media (NYSE Amex: WZE), the world’s leading podcasting network, today announced plans to integrate its popular Libsyn media publishing service with Facebook to capitalize on Facebook’s dominance as a social networking platform and its aggressive expansion as a media consumption destination. The Wizzard Media Network, which received 1.64 billion download requests in 2010 and has over 18 million monthly unique audience members, sees Facebook as a means to substantially grow its unique audience size as well as monetize podcast content for its publishers through Facebook Credits.
“We are always looking to expand the publishing reach of our network for our clients and with such a large, established audience, Facebook was an obvious next step, beyond the iPhone, …
We made some substantial changes in strategy today. Losses totaling $440 were taken on both $WZE and $TELK to clear the books. A quick trade for $260 profit was made in $MSHL due to interest in lower float biotechs. We have taken a 300 share position in the Double Volatility Index $TVIX in anticipation of some wider mkt swings. Time will tell if this proves to be wise.