As mentioned 2 weeks ago, the stocks on the watchlist have been evaluated in detail and we are confident about their long-term potential and consider falling prices a buying opportunity and accumulate more shares at lower prices. For example, we averaged down when Finet briefly touched $2 on August 17, before rising to $4.09 on August 26 1999 (104%). Finet's recent alliances and aggressive branding strategy will serve this stock very well in the near future. Our current average cost for Finet is $2.50 and we are confident about reaping healthy profits in the long term. We would at the same time average down when the opportunity arises in the future.

HomeSeekers reported on Aug 24 that it had signed 11 new regional Multiple Listing Services (MLS) organizations in the USA, increasing the listings under contract to 805,000. This represents the internet's largest single daily updated database of real estate listings. It also announced listings or contracts in progress with 19 other regional MLS organizations. This clearly positions Homeseekers to be able to surpass the one million target expected by Dec 31 1999. These accounted for the 36 points rise in HomeSeekers stock price over the two-week period.