Notable Calls Network: Teavana Holdings (NYSE:TEA)

- Around 2:00 PM ET members started pinging me re: Teavana Holdings (NYSE:TEA). The stock was spiking on moderate volume and noone knew why. Something was clearly going on..

- Around 2:09 PM ET a senior NCN member sent me the following:

TEA? http://www.bizjournals.com/atlanta/news/2012/11/14/source-starbucks-to-acquire-teavana.html

There it was. Atlanta Business Chronicle’s Urvaksh Karkaria was out with a piece saying Starbucks was about to acquire Teavana, according to his sources. The piece had been sitting there since 1:48 PM ET.

I quickly blasted the the link to our 300+ Notable Calls Network (NCN) members..
       

- As you can see from the chart above the stock started spiking as the link circulated trading desks. Several hundreds of thousands of shares were bought.

- At 2:20 PM ET Teavana (NYSE:TEA) was halted from trading.

- At 2:49 CNBC ‘broke’ the news followed by Starbucks’ PR at 2:51 announcing takeover of Teavana for $15.50/share in cash.

Assuming the 500,000 shares were bought by Notable Calls Network (NCN) members at an average price of $12.50/share we made a cool $1,400,000 on this call. A stretch I know but this how I like to think about it.

We broke this one first. It’s tough out there. Calls like this help.

This is how Notable Calls Network (NCN) works – sharing the flow. We catch them every day.

Not all calls are this good (we get many wrong as well) but NCN is for the pros. You decide which calls to take and which one’s to leave.

Want to be part of NCN?

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Please do note that contacts via IM are limited to people with:

- 3+ years of trading experience

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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.

2012-11-14 14:53:56

Source: http://notablecalls.blogspot.com/2012/11/notable-calls-network-teavana-holdings.html