To: Paul Kern who wrote (85 ) 2/20/2001 10:44:05 PM From: Ray Rueb Read Replies (3) | Respond to of 505 You're asking me to comment on something that I know nothing about. I looked at the list of "insider" sales that you provided. The sales that are listed, I would call sales, not dumping. The largest single person was, I think the CEO, selling 90,000 shares. This is a guy who owns 2.7 Million shares. That is not dumping. Look at the top numbers... I don't know too much about this stuff, but isn't total outstanding minus the float equal to the "insider"'s holdings? If so then the total recently sold is less than 4% of the insider holdings. Again, I say selling, not dumping. From an employee's perspective look at the fantasy and despair and reality of the following made up scenario: Feb 1999: join a pre-IPO Dot-Com in the midst of market craziness. Receive 20,000 options with strike at $1.20 or $2.00. August 1999: Goes IPO at $20, but you're in lock up and can't sell. Net worth currently $400,000. January 2000: Stock hits $130, you're still in lock up. Net worth now $2,600,000. Feb 2000: Company grants 10,000 more options at $71 strike price. April 2000: Stock hits $15, lockup finally over (it was April 2000, wasn't it?) Net worth now $300,000. February 2001: More options, this time at $30. Net worth now at $600,000. Hmmmmm. Haven't sold original options. Total net worth tied up in HOMS options. Market for every other dot-com is tanking. Wife wants to get nice house, car, etc. Haven't had a vacation in 3 years.... If you sell 10,000 original options and use the proceeds to diversify, that'll take the pressure off you. You can still ride the gains on the $30 options and not miss out on future rises. Is this a dump or a prudent sell? You all be careful out there Ray