The other stock and WDDD have some similarities from an "investment" perspective even though they operate in completely different lines of businesses.
As penny stocks they are both inherently risky -- anyone who tells you a penny stock is a "slam dunk" (especially those who never respond to real questions but simply continue posting rhetoric and hype) should be viewed skeptically. After all, Wall Street does NOT miss lay-ups, and if a penny play was indeed a slam dunk, it would not be a penny play anymore as the "smart money" would have swooped in long ago and the company would be loaded to the gills with TUT funding, be it HF's, VC firms, PIPE's, etc.
My approach with both WDDD and the other stock is to simply trade around a core position until I can de-risk. Then, take profits off the table that equal my initial capital investment and freeroll with house money the rest of the way. This way, I end up with essentially free shares, my own cash is no longer at risk and is being put to productive use for me elsewhere, and I still have skin in the game in case the lottery ticket hits.
I have been able to do that successfully w/that other stock and have been patiently sitting on my free shares for months now. For a risky pinky play, that is the only way that I will "invest" -- after I've de-risked and the cost basis of the shares I hold is effectively zero. The risk is simply too high to put my own cash on the line.
I've done the same as well here w/WDDD and am now patiently waiting for the judge to rule. I am fortunate enough to be free-rolling house money here as well because this decision that we are waiting for is very risky. Yes, the sp should pop if the judge denies ATVI's MSJ and re-confirms the Markman hearing. But this is the type of binary event that scares me. Why? Because unlike the binary events we are uesed to, this binary event has no real monetary reward associated with a favorable outcome -- it is essentially a binary event where, should WDDD win, all it does is permit WDDD to move on to another binary event! The risk-reward is awful. So again, the only way to play it for me was to only let free shares ride on this particular decision.
If the judge screws WDDD, then the sp crashes, but with an effective cost basis of zero, I'll always be green. I just refuse to risk my own cash on binary events where the risk-reward is insufficient. Markman hearing? You bet. MSJ hearing? No way.
What will be interesting is -- if the judge grants the MSJ and dismisses the case -- how far the sp will crash. I have opined previously here on this board (albeit a long time ago, LOL) that the floor from a fundamental perspective should be around .14 because this was the approx value of WDDD's NOL. And aside from a couple of brief dips under .14, it seems that this support level has held fairly well for a while now.
What may be a play/hedge to consider is to have some powder available in case of an adverse MSJ ruling. Just like when a bio play announces failed clinical trial results or a failed AdComm hearing, the sp craters -- but there is oftentimes an over-reaction which results in opportunities to play the bounce in a way that enables you to generate profits that are almost as large as if the binary event turned out in your favor in the first place. This can act as a hedge as you can potentially offset any losses from your long position by playing the bounce off an adverse MSJ ruling. So, for example, if the MSJ goes against WDDD and the sp craters to sub-.10, then there may be a good opportunity to pick up a 40% gain when the dust settles and the sp gravitates back to its BV to reflect the NOL. It may not be immediate, but I can't imagine the sp sitting below BV for too long.
Anyways, just rambling here. It's been a while since I even paid any attention to WDDD at all, so it's good to get back in the saddle!
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