When is the best time to trade custodianship plays
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(Total Views: 1994)
Posted On: 08/12/2019 2:02:52 PM
Re: trooperstocks #66962
When is the best time to trade custodianship plays?
The best profit opportunities often come in stages usually stretching over several months:
When the custodianship petition is filed with the courts. This can often be the biggest short term profit opportunity for custodianship plays. Custodianship petitions have been done in several states in the past: Nevada, Florida, Colorado, Wisconsin, Utah, California, Texas, and North Carolina, but over the past couple of years the overwhelming majority of custodianships have taken place in Nevada which is great since Nevada has a court website that offers the public access to all their court filings as they are docketed. We scan the Nevada court site at least a couple times a day for new custodianship petitions so we can get that information to our members ahead of the pack.
When a custodianship petition is granted it can often lead to some short term interest in the stock – both leading up to the court date for the custodianship hearing and after the custodianship is officially granted. As mentioned earlier, the custodianship hearing is usually scheduled for 4 – 6 weeks after the petition is filed with the court. We track all the upcoming court dates for our members so they don’t miss any profit opportunities.
When the entity is reinstated at the Nevada SOS it can often lead to some short term interest in the stock. Some custodians will reinstate the entity right after the custodianship petition is granted. Others will wait until they have found a buyer for the shell before they reinstate the entity. We track all Nevada SOS filings in real time so we can catch reinstatement filings as soon as they hit so that our members won’t miss any profit opportunities.
When the custodian is discharged by the courts (meaning the court has become satisfied with the arrangement basically completing the custodianship process) it often lead to some short term interest in the the stock – both leading up to the court date for the discharge hearing and after the discharge is officially granted. This usually happens a few weeks up to a few months after the custodianship is granted. Some custodians put their shells up for sale before completing the process so things move fast after the discharge … others wait until after completing the custodianship process to put their shells up for sale. We track all the upcoming court dates for our members so they don’t miss any profit opportunities.
When the shell is sold. This is usually the other catalyst that creates the biggest moves (besides the custodianship petition being filed). This is the stage that set off the big LCTZ move. Once it is known that new owners are taking over control of the shell it becomes a full blown reverse merger play supported by all kinds of yummy speculation that message board and social media pumpers just eat up. This stage usually will not happen until several months (or longer) after stage 1 (the the filing custodianship petition).
Knowing that the stock can have several stages of price movements, different traders will approach a custodianship play with different trading plans. Some will try to profit off as many of the stages as possible while others will buy early and take some profits along the way but still treat the trade as a long term play holding shares for that big reverse merger at the end. The key as with any trade is buying ahead of the pack which means catching the catalyst as early as possible
The best profit opportunities often come in stages usually stretching over several months:
When the custodianship petition is filed with the courts. This can often be the biggest short term profit opportunity for custodianship plays. Custodianship petitions have been done in several states in the past: Nevada, Florida, Colorado, Wisconsin, Utah, California, Texas, and North Carolina, but over the past couple of years the overwhelming majority of custodianships have taken place in Nevada which is great since Nevada has a court website that offers the public access to all their court filings as they are docketed. We scan the Nevada court site at least a couple times a day for new custodianship petitions so we can get that information to our members ahead of the pack.
When a custodianship petition is granted it can often lead to some short term interest in the stock – both leading up to the court date for the custodianship hearing and after the custodianship is officially granted. As mentioned earlier, the custodianship hearing is usually scheduled for 4 – 6 weeks after the petition is filed with the court. We track all the upcoming court dates for our members so they don’t miss any profit opportunities.
When the entity is reinstated at the Nevada SOS it can often lead to some short term interest in the stock. Some custodians will reinstate the entity right after the custodianship petition is granted. Others will wait until they have found a buyer for the shell before they reinstate the entity. We track all Nevada SOS filings in real time so we can catch reinstatement filings as soon as they hit so that our members won’t miss any profit opportunities.
When the custodian is discharged by the courts (meaning the court has become satisfied with the arrangement basically completing the custodianship process) it often lead to some short term interest in the the stock – both leading up to the court date for the discharge hearing and after the discharge is officially granted. This usually happens a few weeks up to a few months after the custodianship is granted. Some custodians put their shells up for sale before completing the process so things move fast after the discharge … others wait until after completing the custodianship process to put their shells up for sale. We track all the upcoming court dates for our members so they don’t miss any profit opportunities.
When the shell is sold. This is usually the other catalyst that creates the biggest moves (besides the custodianship petition being filed). This is the stage that set off the big LCTZ move. Once it is known that new owners are taking over control of the shell it becomes a full blown reverse merger play supported by all kinds of yummy speculation that message board and social media pumpers just eat up. This stage usually will not happen until several months (or longer) after stage 1 (the the filing custodianship petition).
Knowing that the stock can have several stages of price movements, different traders will approach a custodianship play with different trading plans. Some will try to profit off as many of the stages as possible while others will buy early and take some profits along the way but still treat the trade as a long term play holding shares for that big reverse merger at the end. The key as with any trade is buying ahead of the pack which means catching the catalyst as early as possible
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