Readers. I am seriously considering taking all of my Arena (NASDAQ:ARNA) analysis private. Over the past three days some very terrible behaviors of some investors have gone overboard and have begun to impact something far more important than me. I realize that I have some vocal detractors. I also know that there are many, many more of you that appreciate what I do. This issue is more important than any of us.
It may be that the only way to accomplish that more important goal is to remove myself from any spotlight, even if that spotlight is only being shone by a few very vocal people. One or two bad apples can ruin the whole batch. This decision is not about me in the slightest. This is a decision about supporting a much greater cause.
This decision will not be easy. Over the years many of you readers have reached out to me privately offering words of support and encouragement. I feel a responsibility to those readers. I am not saying that this other issue that has come up is more important. It is very important though, and very meaningful to me.
I have some things to consider and think about over the next few days. I may find a way to create a site where members can gain access. It will remove the bad apples from the batch.
There is a lot going on with Arena. There is a lot investors will need to know. I have always tried to look at investments with a critical eye. Good, bad, or ugly I have always separated my personal investment from what I write. Some simply can not appreciate that.
I will weigh my options and let readers know.
Disclosure: I am long ARNA.