Well said Celtics. Investment in every stock is a gamble, so the challenge is to pick those least likely to go down and most likely to rise exponentially. I think WDDD is such an investment right now. Some people are here to ride the pre-Markman wave, hoping for radical share price increases, which increases I think will happen, and will happen dramatically, but some of us are here (myself included) for the Markman and beyond. I didn't come here to ride the pre-Markman wave, as nice as that might be, but to stick it out through the Markman hearing and wait for the trial. I intend to be here for a couple years. Is this risky? Sure; so is everything else. But when I examine the information, I find much less risk here than elsewhere (in other patent plays). I've only got a little over 80,000 shares (which is nothing compared with those of you who have a few hundred thousand), and I may sell 10,000 of those before the Markman hearing, but I'm invested here because I believe WDDD has a GREAT case and a very high chance of winning against Activision. If I didn't think this, then I would ride the pre-Markman and get out right before the hearing. Or, to be honest, if I didn't think they have a great case, I'd get out now, or would never have invested. Because I think WDDD has a great case, I'm invested, and I'm invested not for the pre-Markman, but for the case itself.
Plenty of other patent plays have Markman hearings coming up, but I think patent-play investors are getting smarter in how to play these. IMO, there is no longer a guarantee a stock will rise pre-Markman, for, after VRNG, investors are aware you need a rock-solid case to make money in a timely fashion. Therefore, I think we'll see more and more patent play investors invest pre-Markman in those plays only which have a rock solid case, rather than in just any play with a Markman hearing approaching. My conclusion? This: I think WDDD is going to have a great pre-Markman run not simply because they have a Markman hearing, but because they have a great case against Activision, and because there is a high likelihood of success for WDDD at the Markman hearing. All should invest according to their own strategy. My strategy is to hold nearly all until at least June 28, and most likely until next year sometime. And I could be wrong about this, but I think many investors are wising up, or soon will, when it comes to investing in pre-Markman patent plays. I think we'll see a general trend where only those with solid cases will be invested in, and those with shaky cases will have no pre-Markman rise.
But what do I know...:)...I'm no Warren Buffett
