Forum:Can Cold Feet stop Lingering Effects?

Ultimately want to find more uses for this card. According to the card tips, cold feet can be used to avoid negative effects of cards you play and gave Brain Research Lab and Lucky Punch as examples.

If it true that it can prevent an effect of a spell or trap from activating even after the first effect has been activated what about effects of a spell or trap that activate later on even after the spell or trap leaves the field? Like after activating Power Bond and then you play Cold Feet, would you still take damage? Or if you play Ojama Trio and then play Cold Feet then the tokens are destroyed, would your opponent still take the damage from the lingering effect of Ojama Trio?

Any thoughts, reasoning and explanations if it's possible to use Cold Feet to prevent lingering effects or not. Also any over uses for the card would be nice too. Thank you for your time.