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Technology Stocks : Homeseekers.com (HMSK)Selling online real estate with MSFT
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To: Catawbakid who wrote (5)1/16/1999 9:39:00 PM
From: Harry J. Finn   of 8
 
You may have misread the news release or saw one that was not correct. All the stock is restricted. This will not only get HMSK on NASDAQ but will enable it to go forward at a much faster pace. Not that they even have to. Approaching 16 million viewings a month is turning a lot of heads. Why do you think MSFT signed on with them. They knew HMSK is going to be the leader in this area.

I look for more agreements to be signed in the near future and for this company to get a lot more exposure. AS you have earlier stated they have done no PR to date. Look for that to change I would expect them to sign on with someone real soon. Also look for a dog and pony with analyst around the country now that they will be going on NASDAQ.

Remember, the announcement did not hit until the last half hour of the market. Usually by that time on a Fri before a long weekend almost everyone on Wall Street is long gone. Tues. will be very interesting. If buying continues this could start moving like a lot of the other internet stocks that have a lot less than HMSK.

Don't know if this means anything but told FAHN been shorting this stock all the way up and had to get out the way on Fri. Someone guessed they added to their short by over 80,000 shares thurs. & Fri. The float on this is not that big. About 4 million with over 2 million of that owned by about 5 holders.The recent buying and volume has taken out a lot of the lower cost sellers. We may be hearing of a short squeeze in the not to distant future. Heard several large shareholders will be requesting delivery of their shares, well over 500,000 shares, to help tighten the noose on any short positions.

Anyway, I disagree with your assessment that the stock is overbought. I think the ride has just begun on the upside. I heard smarter investors than me are saying HMSK could be $30 in the next couple of months. They may know information the rest of us don't to make that kind of prediction. I do think HMSK could be $15 in a month or so. Throw in some more agreements like MSFT, YHOO, VINF and maybe $30 could be real.

Quick example, look at Sky Mall. Only $3 million in revenues and losing money. It has a big valuation for the company. HMSK was projecting $12 million in revenues for this year, which is now outdated, and turning a profit. Maybe once the rest of the street finds out about HMSK $30 isn't that far off.
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