To: Skywatcher who wrote (35966 ) 12/24/2003 2:18:51 PM From: - with a K Read Replies (1) | Respond to of 118717 Yes, Cramer is bombastic, volatile, opinionated, hard to take, and a lightening rod. But I like the guy and what he's doing for the individual investors via his radio show. Having listened on and off for a year I've admired the amount of time he spends on education and illumination. He tells it straight, unlike the drivel the brokers and analysts put out. Good stuff, IMO, but you have to put up with his ego, delivery, flip-flops, and self-promotion. As I said, I try and separate that out. Cramer has berated himself many times for mistakes, and he shares regrets on his radio show frequently. He wears his emotions on his sleeve, and I find it educational and entertaining. He seems to dwell on mistakes as a hedge fund manager and can recall the details like it was yesterday. He still talks about losing his shirt when he was the largest shareholder of Cendant and still trash talks CEO Silverman. Cramer gives the impression that if you wrong him he can hold a grudge like no other. In his book he confesses these and other sins, like throwing computers and phones against the wall. Certainly not my style, but I find it amusing and scary in a New York sort of way. ;>) Back to TZA.... So as I'm trying to interpret the news this morning I kept hearing Cramer in my head ranting and raving about this latest example of chicanery. (You'd have to listen to his radio show to know how passionate he's been on this danger sign for months and months.) I was thinking through the news, trying to put my perspective on it.....TZA board members who don't know of the transaction; SEC may get involved; "I own 50% of this company, I'll buy the debt and flip it to make a quick killing but don't see any reason to disclose this;" resistance (denial?) by management; lack of disclosure, even after concerns voiced by corporate counsel, who then resign. What does it say when lawyers won't take a client? :>) Who's next to resign? The auditors? Board members? Management? How long will this be dead money? What other shoe may drop? How soon will the law suits hit and how much of a distraction will they be? How much will they cost TZA shareholders? I'm asking myself these questons, knowing I've jumped in too early (or not reacted fast enough) in the past on initial news and how long it takes to sort things out (Tyco, Cendant, ADCT, JDSU, others.) So I sold. Just my approach. And Paul buys. Funny, but isn't this what makes a market? Different opinions of guys like Cramer and stocks like TZA? viva la difference! Good discussion. Happy holidays to everyone. I wish you well. - Kris