Workshop Returns -- Annual Strategies

All stocks were selected on Friday 12/31/99 and were "purchased" at the closing price on Monday 1/3/2000. Both 5 stock and 10 stock returns are shown. The first return is the average of the first five stocks listed; the second return is for all 10 stocks.

Returns assume an even dollar amount invested in each stock. "Cost basis" is the split-adjusted purchase price. "Now" is the closing price as of the date below. Returns do not account for dividends, transaction costs or taxes.

Year-to-date Returns through April 10, 2000

Annual Reinvest/Rebalance  
5 stock 10 stock
 36.60  22.54 PEG26
 24.91  27.14 Formula 90      
 24.91   5.69 Keystone 100
 15.21  18.15 Relative Strength - 13 Week
 12.86  22.49 PEG13
 12.70  12.14 Spark
 12.62   3.44 Unemotional Growth
  9.15  22.00 Relative Strength - 26 Week
     5.67  Nasdaq 100 Index Trust
  3.96  28.87 Relative Strength - IBD
     3.72  S&P500 Trust (Spider)
  2.86  12.71 Keystone
  2.75  12.71 Keystone EPS
 -2.57   3.26 Plowback

 24.91  27.14 Formula 90           Cost Basis    Now
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
-21.26 QCOM  Qualcomm Inc.           $179.31 $141.19
 17.15 JDSU  JDS Uniphase             $94.00 $110.13
 29.85 SEBL  Siebel Systems           $85.00 $110.38
 39.68 ORCL  Oracle Corp.             $59.06  $82.50
 59.12 NTAP  Network Appliance        $42.50  $67.63
124.57 PMCS  PMC-Sierra               $79.38 $178.25
-21.74 CTS   CTS Corp.                $74.75  $58.50
 18.95 SUNW  Sun Microsystems         $76.50  $91.00
  7.91 SYMC  Symantec Corp.           $56.88  $61.38
 17.11 NOK   Nokia Corp. ADR         $187.00 $219.00

  2.86  12.71 Keystone
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 17.15 JDSU  JDS Uniphase             $94.00 $110.13
-21.26 QCOM  Qualcomm Inc.           $179.31 $141.19
 39.68 ORCL  Oracle Corp.             $59.06  $82.50
-40.24 YHOO  Yahoo! Inc.             $237.50 $141.94
 18.95 SUNW  Sun Microsystems         $76.50  $91.00
 18.42 EMC   EMC Corp.               $114.00 $135.00
 -5.65 AMGN  Amgen                    $62.40  $58.88
 63.44 AMAT  Applied Materials        $63.25 $103.38
 34.30 CSCO  Cisco Systems            $54.03  $72.56
  2.30 HD    Home Depot               $65.19  $66.69

  2.75  12.71 Keystone EPS
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 17.15 JDSU  JDS Uniphase             $94.00 $110.13
-21.26 QCOM  Qualcomm Inc.           $179.31 $141.19
-40.24 YHOO  Yahoo! Inc.             $237.50 $141.94
 39.68 ORCL  Oracle Corp.             $59.06  $82.50
 18.42 EMC   EMC Corp.               $114.00 $135.00
 63.44 AMAT  Applied Materials        $63.25 $103.38
 18.95 SUNW  Sun Microsystems         $76.50  $91.00
 -5.65 AMGN  Amgen                    $62.40  $58.88
  2.30 HD    Home Depot               $65.19  $66.69
 34.30 CSCO  Cisco Systems            $54.03  $72.56

 24.91   5.69 Keystone 100
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 17.15 JDSU  JDS Uniphase             $94.00 $110.13
-21.26 QCOM  Qualcomm Inc.           $179.31 $141.19
 39.68 ORCL  Oracle Corp.             $59.06  $82.50
 59.12 NTAP  Network Appliance        $42.50  $67.63
 29.85 SEBL  Siebel Systems           $85.00 $110.38
-40.24 YHOO  Yahoo! Inc.             $237.50 $141.94
-48.57 CMGI  CMGI Inc.               $163.22  $83.94
 20.67 NT    Nortel Networks         $100.94 $121.80
-18.42 GTW   Gateway Inc.             $69.56  $56.75
 18.95 SUNW  Sun Microsystems         $76.50  $91.00

 12.86  22.49 PEG13
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 -2.58 WAXS  World Access             $19.38  $18.88
 63.28 IRF   Int'l Rectifier          $25.19  $41.13
 10.64 TTN   Titan Corp.              $47.00  $52.00
  7.91 SYMC  Symantec Corp.           $56.88  $61.38
-14.96 MCRS  MICROS Systems           $64.75  $55.06
 25.52 ADCT  ADC Telecom.             $36.25  $45.50
 17.11 NOK   Nokia Corp. ADR        $187.00  $219.00
 23.44 TECH  Techne Corp.             $58.13  $71.75
 20.67 NT    Nortel Networks         $100.94 $121.80
 73.89 PEB   PE Biosystems Group      $58.66 $102.00

 36.60  22.54 PEG26
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 70.67 CY    Cypress Semiconductor    $32.81  $56.00
 63.28 IRF   Int'l Rectifier          $25.19  $41.13
-21.74 CTS   CTS Corp.                $74.75  $58.50
 10.64 TTN   Titan Corp.              $47.00  $52.00
 60.16 MU    Micron Technology        $75.94 $121.63
-18.42 GTW   Gateway Inc.             $69.56  $56.75
  4.58 CHIR  Chiron Corp.             $45.00  $47.06
 17.11 NOK   Nokia Corp. ADR        $187.00  $219.00
 18.42 EMC   EMC Corp.               $114.00 $135.00
 20.67 NT    Nortel Networks         $100.94 $121.80

 -2.57   3.26 Plowback
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 20.09 VRTS  VERITAS Software         $94.67 $113.69
 39.68 ORCL  Oracle Corp.             $59.06  $82.50
-48.57 CMGI  CMGI Inc.               $163.22  $83.94
-18.42 GTW   Gateway Inc.             $69.56  $56.75
 -5.65 AMGN  Amgen                    $62.40  $58.88
 17.11 NOK   Nokia Corp. ADR        $187.00  $219.00
  7.00 DELL  Dell Computer            $50.88  $54.44
 50.72 INTC  Intel Corp.              $87.00 $131.13
-26.17 MSFT  Microsoft Corp.         $116.56  $86.06
 -3.21 CL    Colgate-Palmolive        $62.25  $60.25

  3.96  28.87 Relative Strength - IBD
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
-21.26 QCOM  Qualcomm Inc.           $179.31 $141.19
 10.64 TTN   Titan Corp.              $47.00  $52.00
 17.15 JDSU  JDS Uniphase             $94.00 $110.13
-16.59 HLIT  Harmonic Inc.            $92.47  $77.13
 29.85 SEBL  Siebel Systems           $85.00 $110.38
 39.68 ORCL  Oracle Corp.             $59.06  $82.50
 41.69 IDTI  Integrated Device        $28.41  $40.25
 59.12 NTAP  Network Appliance        $42.50  $67.63
124.57 PMCS  PMC-Sierra               $79.38 $178.25
  3.89 IDPH  IDEC Pharmac.            $93.25  $96.88

 15.21  18.15 Relative Strength - 13 Week
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 10.64 TTN   Titan Corp.              $47.00  $52.00
 17.15 JDSU  JDS Uniphase             $94.00 $110.13
-21.26 QCOM  Qualcomm Inc.           $179.31 $141.19
 29.85 SEBL  Siebel Systems           $85.00 $110.38
 39.68 ORCL  Oracle Corp.             $59.06  $82.50
 59.12 NTAP  Network Appliance        $42.50  $67.63
 61.95 IMNX  Immunex Corp.            $34.00  $55.06
-40.24 YHOO  Yahoo! Inc.             $237.50 $141.94
  3.89 IDPH  IDEC Pharmac.            $93.25  $96.88
 20.67 NT    Nortel Networks         $100.94 $121.80

  9.15  22.00 Relative Strength - 26 Week
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 17.15 JDSU  JDS Uniphase             $94.00 $110.13
 10.64 TTN   Titan Corp.              $47.00  $52.00
-21.26 QCOM  Qualcomm Inc.           $179.31 $141.19
-16.59 HLIT  Harmonic Inc.            $92.47  $77.13
 55.79 CYTC  Cytyc Corp.              $29.69  $46.25
 39.68 ORCL  Oracle Corp.             $59.06  $82.50
 59.12 NTAP  Network Appliance        $42.50  $67.63
 29.85 SEBL  Siebel Systems           $85.00 $110.38
 41.69 IDTI  Integrated Device        $28.41  $40.25
  3.89 IDPH  IDEC Pharmac.            $93.25  $96.88

 12.70  12.14 Spark
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 34.30 CSCO  Cisco Systems            $54.03  $72.56
 -4.86 WMT   Wal-Mart Stores          $66.81  $63.56
 50.72 INTC  Intel Corp.              $87.00 $131.13
-18.98 AOL   America Online           $83.00  $67.25
  2.30 HD    Home Depot               $65.19  $66.69
 20.67 NT    Nortel Networks         $100.94 $121.80
  7.00 DELL  Dell Computer            $50.88  $54.44
 18.42 EMC   EMC Corp.               $114.00 $135.00
-40.24 YHOO  Yahoo! Inc.             $237.50 $141.94
 52.06 TXN   Texas Instruments       $102.84 $156.38

 12.62   3.44 Unemotional Growth
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
-21.26 QCOM  Qualcomm Inc.           $179.31 $141.19
 17.15 JDSU  JDS Uniphase             $94.00 $110.13
 29.85 SEBL  Siebel Systems           $85.00 $110.38
 59.12 NTAP  Network Appliance        $42.50  $67.63
-21.74 CTS   CTS Corp.                $74.75  $58.50
 14.44 CDWC  CDW Computer Ctrs        $69.03  $79.00
-10.29 TLAB  Tellabs Inc.             $65.63  $58.88
-30.68 AEOS  Amer. Eagle Out.         $44.00  $30.50
 -9.20 TIF   Tiffany & Co.            $84.94  $77.13
  7.02 JMED  Jones Pharma             $29.67  $31.75

  3.72 SPY   S&P500 Trust (Spider)   $145.44 $150.84
  5.67 QQQ   Nasdaq 100 Index Trust   $94.75 $100.13