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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Tradelite who wrote (70806)4/27/2001 7:15:27 PM
From: Sword  Read Replies (1) of 122087
 
Homestore website has some very limited value but HOMS stock is vastly overvalued.

You can argue forever that the website has value. That has little correlation to the stock price. That is the same mistake millions of mom and pop investors made in buying PALM stock in the first few days of the IPO at and above $100.

Homestore website value does not equal HOMS stock value. You are a real estate agent. You understand the concept of "location". The Homestore website is located in the ghetto of the HOMS stock. The Homestore website is located in the swampland of HOMS stock. Go ahead and buy it.

I am short and looking forward to covering at $7.

-Sword
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