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Technology Stocks : HMSK - Homeseeker.com
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To: Catawbakid who wrote (321)10/6/1999 11:00:00 AM
From: Catawbakid  Read Replies (1) of 372
 
I tried to post last Friday but for some reason it didn't show up.
HMSK seems to be holding well. It needs a close on good volume above $15 to set off a new advance.
Apparently, a new PR firm has been hired although there has been no official confirmation. I did not think there would be any news until after the quarter began and until after the FED announced its intentions on interest rates. If there is news to release, the decks are now clear.
ML, which is clearly biased, has an objective on HOMS of $75. The market currently values HMSK at about 27% of HOMS. Using this somewhat questionable logic, HMSK would have an objective of $20.
Has anyone noticed the ads for i-pong owned by WEBQ and the activity in the stock? I don't seem to be able to access the site. Can anyone close to HMSK management confirm that HMSK owns a big chunk of WEBQ and/or is owed money by WEBQ?
I still maintain that the hiring of Jones Day is the clue that there are significant developments being finalized. Although, at this time, only rumors seem to prevail.
I don't look for any great improvement in the quarterly report which is due out this month.
So, as is so often the case, it is a wait and see mode and trust in the wisdom of HMSK management.
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