Notable Calls Network (NCN) caught another nice mover yesterday morning.
Around 10:28 PM ET a particularly active NCN member pinged me with the following:
-- Hearing HNZ saying CPB would represent a "nice fit" for HNZ ( prob coming from shareholder meeting ) --
I knew three things:
- Heinz (NYSE:HNZ) had its annual shareholder's meeting scheduled for the same day with the CEO expected to discuss 2008 performance and give some colour on 2009 expectations.
- Campbell Soup (NYSE:CPB) had been mentioned by analysts over and over again as a potential target for Heinz.
- I also knew hedge funds would try playing some games at the sh. meeting asking controversial questions.
It felt as a no brainer so I quickly distributed the call to other NCN members. Depending on one's entry/exit a $60c-$70c gain was to be had on pretty much any size.
This is how Notable Calls Network (NCN) works - sharing the flow. We catch them every day.
Want to be part of NCN?
It's easy. Just shoot me a brief email that includes a short description of yourself and your AOL nickname.
Please do note that contacts via IM are limited to people with:
- 3+ years of trading experience
- Access to quality research/analyst commentary
- Ability to generate and share (intraday) trading calls
I will not accept contacts from purely technically oriented traders, penny stock fans or people who have less than 3 years of experience in the field.
Around 10:28 PM ET a particularly active NCN member pinged me with the following:
-- Hearing HNZ saying CPB would represent a "nice fit" for HNZ ( prob coming from shareholder meeting ) --
I knew three things:
- Heinz (NYSE:HNZ) had its annual shareholder's meeting scheduled for the same day with the CEO expected to discuss 2008 performance and give some colour on 2009 expectations.
- Campbell Soup (NYSE:CPB) had been mentioned by analysts over and over again as a potential target for Heinz.
- I also knew hedge funds would try playing some games at the sh. meeting asking controversial questions.
It felt as a no brainer so I quickly distributed the call to other NCN members. Depending on one's entry/exit a $60c-$70c gain was to be had on pretty much any size.
This is how Notable Calls Network (NCN) works - sharing the flow. We catch them every day.
Want to be part of NCN?
It's easy. Just shoot me a brief email that includes a short description of yourself and your AOL nickname.
Please do note that contacts via IM are limited to people with:
- 3+ years of trading experience
- Access to quality research/analyst commentary
- Ability to generate and share (intraday) trading calls
I will not accept contacts from purely technically oriented traders, penny stock fans or people who have less than 3 years of experience in the field.
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