recap of today’s trades ($86 realized loss)
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.