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.