Worlds Inc (WDDD)

[Rainmaker80]

I have said it a pure gamble since day one.

As I said in a previous post which was deleted

1. Event driven stocks are basically call options so they are gambles. If you're trying to time a trade on a 1-3 cent stock wth the potential for 100-200 mil dollars you really don't get what an even driven stock is, or you're happy trading for profits that can buy you a gum ball, good on ya if that's all you can afford.

2. Most who understand this space and spec stocks in general simply bet as much as we're willing to lose. Thus, an experienced investor is actually cautious day one, which I always have been, that caution is evidenced by how much I am willing to put at risk - since this is pure speculation. As I stated 'I have reached my limit' - that implies I go in with a limit and caution. I can understand that you'd miss that logic as most amateur investors don't really understand that investing and trading is really about risk management.

3. A great book on investing is by Benjamin Graham, called the Intelligent Investor - it goes over that difference (spec vs investing) in great detail. Amateur traders often cannot differentiate between the two and assume that people don't understand portfolio theory because they (the amateurs) don't.

4. For example, the speculative part of one's portfolio should really only be 5-10% total since it is so high risk. If you lose it all it really does nothing to you. Amateurs however, often overload on such positions looking for the 'golden ticket'. You can identify these people through their commentary where they assume others behave in the same irresponsible financial manner (ie 'assuming others suddenly become cautious lol) - again the point on risk management).

5. So little guy there's no change in my views or investment philosophy, just that I have reached my limit for this speculative play, one doesn't want to be overweight spec stocks in their portfolio.

Hope you do some reading and further your investment knowledge, some books could really assist you!