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It looks like SVI the acquirer of privately held Jamba Juice held steady most of today. It feels like the shares were being quietly accumulated throughout the day in an effort as to not drive the shares higher. There was probably some profit taking today from those who were in at the $7.50 - $8.00 level?? That's good for those who want in! The announcement was just made this Monday of the merger. No IPO was done to save millions of dollars on investment banking fees from firms like Goldman Sachs, Lehman, JP Morgan and others, a smart move!
We are now waiting for the Institutional Fund Managers to step in and take a BIG position and take the stock to the $15.00 level, then a continued pace to $20.00+ as more and more news is released and the shares are placed in tight hands.
The stock was $7.50 on Friday afternoon then ran up +21.7%, then faded -9%, followed by a run up of +34%, and a drop of -10%. Now that the drop has occurred, we would now forsee a run up to the next level of around $13.00 or so.
