To: Anthony@Pacific who wrote (67047 ) 2/20/2001 6:13:04 AM From: Ray Rueb Read Replies (4) | Respond to of 122087 Tony: Clean up your act Everyone knows you're short HOMS big time, and you're probably getting squeezed. That having been said... I won't touch your first paragraph (I don't know the facts in either direction concerning insider trading. I do know that the "insiders" of HOMS periodically sell small portions of their holdings, probably to diversify). I saw recent postings on the HOMS SI board talking about insiders selling at $30. I know that if I were going to inside trade, I would have waited for a better price. I believe the sales were announced in advance. Isn't that what filing is all about? But your second paragraph: "By the WAY does teh SEC know that knowone like HOMESTORE.com,,it is a retarded idea since most homes are sold before ever being listed on HOMS and mnost Homes on their site are already sold, or have something wrong with them", clearly has inaccuracies and misconceptions. First off HOMS doesn't sell real estate. HOMS receives listings from the MLS's (Multiple Listings Services). A house shows up on HOMS when the MLS sends the listing to it, and the same house is removed from HOMS when the MLS sends HOMS a message to take it down. It is highly probable that SOME homes appear on HOMS after already being sold, but to say that MOST homes are already sold is ridiculous. HOMS lists 90% plus of ALL homes listed for sale in the US and Canada. That's more than 1.4 million homes currently listed on the site. Are you saying that 700,001 of those listings are already sold? OR are you relying on your ludicrous caveat "or have something wrong with them"? Of course houses for sale have things wrong with them. I'll go farther than you and surmise that every single house sold in the US has SOMETHING wrong with it, it's just a matter of how hard you look. This is the reason people use Realtors. A good realtor will help guide a consumer when making what will probably be the largest financial decision of their life. HOMS doesn't charge realtors for listings (as a matter of fact, HOMS PAYS for listings), and it doesn't charge users to view them. As to the other things you're saying "knowone like HOMESTORE.com"... if by this you mean 'no one likes HOMS' that is easy to disprove. I like HOMS, and I personally know 50 other people who also like HOMS. And if "it is a retarded idea" then how come they are still in business AND cash flow profitable 2 quarters in a row, when most other dot-coms are out of business? Also, look at the published earnings reports, remove all the non-cash charges and just look at how fast this company is growing. Trend analysis, not a single point in time, look at the slope of the line. When I first joined HOMS a year ago, the CEO said something like ... There are currently 300 publicly traded dot-coms. In two years there will be 50. Homestore will be one of those fifty, and we'll be around for a long time after that... So far he's been right. I intend to stick around for a few more years; it's going to be a great ride. You're entitled to your opinions, but right now you're clearly emotional about getting squeezed. I suggest you get your emotions out of your trading and get your facts straight. We're a publicly traded company. Have you ever even talked to our investor relations person? She's real good at straight facts. If you have a case against HOMS, publish it and let her pick it apart, she's good at that. In conclusion, I've worked for many companies over the last 15 years, and in my opinion the HOMS Senior management team is the best I've run into. Running a company is all about the management, not the quality of the product. But HOMS actually has what I consider the best product on the market too. Looking at a chart, HOMS price is clearly volatile. So a short recommendation will have moments of brilliance and moments of pain. But is HOMS headed for $2? I don't think so. JMHO. You all be careful out there. Ray