Workshop Returns -- Monthly Strategies

Some Workshop strategies perform best when renewed monthly. Below we show the returns for each Workshop strategy assuming that the strategy has been rebalanced each month. The original set of stocks was selected on Friday, 12/31/99, and purchased the following Monday 1/3/2000. The portfolios were then rebalanced based on the Rankings published on the last Friday of each month using purchase prices based on the closing price the following Monday (or next market trading day).

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. In addition we show the Year-To-Date Return for each strategy which includes the compounded returns since the 12/31/99 and the Return Since Rebalance which is the return for the stocks shown since the rebalance date (whether the stock was purchased then or was held over from the previous period).

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 May 8, 2000

Monthly Reinvest/Rebalance    
5 stock/10 stock   
 24.38  18.66 Relative Strength - 26 Week  
 20.71  23.99 PEG26  
 10.48   9.99 Unemotional Growth  
 10.11  20.62 Formula 90            
  8.93  24.09 PEG13  
  4.54  20.30 Relative Strength - 13 Week  
  0.29   3.34 Keystone 100  
    -2.05     S&P500 Trust (Spider)    
 -6.83   0.21 Keystone EPS  
    -7.01     Nasdaq 100 Index Trust   
 -7.14   0.21 Keystone  
 -8.66  -9.83 Plowback  
 -9.00  24.34 Relative Strength - IBD  
-15.65 -19.58 Spark   
     
 10.11  20.62 Formula 90 return YTD         Cost Basis 
-12.42 -11.44 Return since rebalance 5/1/2000 Now
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-10.90  PMCS  PMC-Sierra              $188.00  $167.50 
-13.86  NEWP  Newport Corp.           $141.63  $122.00 
-11.00  NTAP  Network Appliance        $71.00   $63.19 
-16.85  ITWO  i2 Technologies         $124.63  $103.63 
 -9.47  ORCL  Oracle Corp.             $79.88   $72.31 
-18.17  SDLI  SDL Inc.                $202.56  $165.75 
-13.44  SNDK  Sandisk Corp.            $95.81   $82.94 
  5.68  SEBL  Siebel Systems          $123.31  $130.31 
-16.48  ADI   Analog Devices           $77.75   $64.94 
 -9.95  SFA   Scientific Atlanta       $69.13   $62.25 
     
 -7.14   0.21 Keystone return YTD  
 -8.76  -7.37 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 -9.47  ORCL  Oracle Corp.             $79.88   $72.31 
 -8.14  GLW   Corning Inc.            $199.63  $183.38 
-15.23  JDSU  JDS Uniphase            $104.25   $88.38 
 -4.25  AMAT  Applied Materials        $99.94   $95.69 
 -6.71  EMC   EMC Corp.               $142.56  $133.00 
 -7.20  SUNW  Sun Microsystems         $92.00   $85.38 
-12.16  CSCO  Cisco Systems            $71.44   $62.75 
 -8.24  TXN   Texas Instruments       $160.00  $146.81 
 -6.15  QCOM  Qualcomm Inc.           $109.75  $103.00 
  3.89  ENE   Enron Corp.              $72.31   $75.13 
     
 -6.83   0.21 Keystone EPS return YTD  
 -8.76  -7.37 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 -4.25  AMAT  Applied Materials        $99.94   $95.69 
 -9.47  ORCL  Oracle Corp.             $79.88   $72.31 
-15.23  JDSU  JDS Uniphase            $104.25   $88.38 
 -8.14  GLW   Corning Inc.            $199.63  $183.38 
 -6.71  EMC   EMC Corp.               $142.56  $133.00 
 -8.24  TXN   Texas Instruments       $160.00  $146.81 
 -6.15  QCOM  Qualcomm Inc.           $109.75  $103.00 
 -7.20  SUNW  Sun Microsystems         $92.00   $85.38 
-12.16  CSCO  Cisco Systems            $71.44   $62.75 
  3.89  ENE   Enron Corp.              $72.31   $75.13 
     
  0.29   3.34 Keystone 100 return YTD  
 -8.81 -10.47 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  0.21  AMD   Advanced Micro Dev.      $88.44   $88.63 
-10.90  PMCS  PMC-Sierra              $188.00  $167.50 
 -4.20  BEAS  BEA Systems              $50.63   $48.50 
-11.00  NTAP  Network Appliance        $71.00   $63.19 
-18.17  SDLI  SDL Inc.                $202.56  $165.75 
-10.66  CIEN  Ciena Corp.             $140.06  $125.13 
-16.85  ITWO  i2 Technologies         $124.63  $103.63 
 -9.47  ORCL  Oracle Corp.             $79.88   $72.31 
 -7.20  TER   Teradyne Inc.           $109.31  $101.44 
-16.48  ADI   Analog Devices           $77.75   $64.94 
     
  8.93  24.09 PEG13 return YTD  
 -5.37  -5.74 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 -3.83  VSH   Vishay Intertechnology   $81.50   $78.38 
 -4.00  IDXX  IDEXX Labs.              $28.13   $27.00 
-19.22  CPWM  Cost Plus Inc.           $33.50   $27.06 
 -2.74  KCP   Kenneth Cole 'A'         $41.00   $39.88 
  2.93  DY    Dycom Inds.              $53.38   $54.94 
-17.22  BBY   Best Buy Co.             $84.94   $70.31 
 -3.66  HH    Hooper Holmes            $17.06   $16.44 
 -1.21  AVX   AVX Corp.                $97.75   $96.56 
 -9.95  SFA   Scientific Atlanta       $69.13   $62.25 
  1.52  ADCT  ADC Telecom.             $61.88   $62.81 
     
 20.71  23.99 PEG26 return YTD  
-11.32  -8.64 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-18.72  KLIC  Kulicke & Soffa          $79.13   $64.31 
 -2.49  IRF   Int'l Rectifier          $47.69   $46.50 
 -3.83  VSH   Vishay Intertechnology   $81.50   $78.38 
-15.10  LSI   LSI Logic                $61.69   $52.38 
-16.48  ADI   Analog Devices           $77.75   $64.94 
 -7.20  TER   Teradyne Inc.           $109.31  $101.44 
 -6.83  ATML  Atmel Corp.              $48.50   $45.19 
 -7.33  ALTR  Altera Corp.            $104.00   $96.38 
 -9.95  SFA   Scientific Atlanta       $69.13   $62.25 
  1.52  ADCT  ADC Telecom.             $61.88   $62.81 
     
 -8.66  -9.83 Plowback return YTD  
 -9.71  -6.56 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-10.90  PMCS  PMC-Sierra              $188.00  $167.50 
 -9.47  ORCL  Oracle Corp.             $79.88   $72.31 
-14.59  VRTS  VERITAS Software        $110.94   $94.75 
 -8.38  NOK   Nokia Corp. ADR          $58.94   $54.00 
 -5.22  RTRSY Reuters ADR             $110.13  $104.38 
 -9.95  MWD   Morgan S. Dean Witter    $79.75   $71.81 
 10.74  AMGN  Amgen                    $55.88   $61.88 
 -6.12  DELL  Dell Computer            $51.06   $47.94 
  0.77  USW   US West Inc.             $72.88   $73.44 
-12.50  GPS   Gap (The), Inc.          $38.00   $33.25 
     
 -9.00  24.34 Relative Strength - IBD return YTD  
-11.36 -10.15 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-10.90  PMCS  PMC-Sierra              $188.00  $167.50 
-13.86  NEWP  Newport Corp.           $141.63  $122.00 
 -4.20  BEAS  BEA Systems              $50.63   $48.50 
-11.00  NTAP  Network Appliance        $71.00   $63.19 
-16.85  ITWO  i2 Technologies         $124.63  $103.63 
 -9.47  ORCL  Oracle Corp.             $79.88   $72.31 
-18.17  SDLI  SDL Inc.                $202.56  $165.75 
-13.44  SNDK  Sandisk Corp.            $95.81   $82.94 
 -3.83  VSH   Vishay Intertechnology   $81.50   $78.38 
  0.21  AMD   Advanced Micro Dev.      $88.44   $88.63 
     
  4.54  20.30 Relative Strength - 13 Week return YTD  
 -9.51  -9.10 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-18.10  RMBS  Rambus Inc.             $232.94  $190.77 
  0.21  AMD   Advanced Micro Dev.      $88.44   $88.63 
 -9.51  ARW   Arrow Electronics        $44.69   $40.44 
-16.31  ADBE  Adobe Systems           $130.69  $109.38 
 -3.83  VSH   Vishay Intertechnology   $81.50   $78.38 
-13.44  SNDK  Sandisk Corp.            $95.81   $82.94 
-13.86  NEWP  Newport Corp.           $141.63  $122.00 
 -3.56  TBL   Timberland Co. 'A'       $68.56   $66.13 
-10.90  PMCS  PMC-Sierra              $188.00  $167.50 
 -1.67  ROG   Rogers Corp.             $67.31   $66.19 
     
 24.38  18.66 Relative Strength - 26 Week return YTD  
 -7.95 -10.15 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-13.86  NEWP  Newport Corp.           $141.63  $122.00 
  0.21  AMD   Advanced Micro Dev.      $88.44   $88.63 
-10.90  PMCS  PMC-Sierra              $188.00  $167.50 
 -4.20  BEAS  BEA Systems              $50.63   $48.50 
-11.00  NTAP  Network Appliance        $71.00   $63.19 
-18.17  SDLI  SDL Inc.                $202.56  $165.75 
-13.44  SNDK  Sandisk Corp.            $95.81   $82.94 
-16.85  ITWO  i2 Technologies         $124.63  $103.63 
 -9.47  ORCL  Oracle Corp.             $79.88   $72.31 
 -3.83  VSH   Vishay Intertechnology   $81.50   $78.38 
     
-15.65 -19.58 Spark return YTD  
 -8.77  -8.48 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-12.16  CSCO  Cisco Systems            $71.44   $62.75 
 -8.38  NOK   Nokia Corp. ADR          $58.94   $54.00 
 -9.47  ORCL  Oracle Corp.             $79.88   $72.31 
 -6.63  NT    Nortel Networks         $118.75  $110.88 
 -7.20  SUNW  Sun Microsystems         $92.00   $85.38 
 -6.71  EMC   EMC Corp.               $142.56  $133.00 
 -8.24  TXN   Texas Instruments       $160.00  $146.81 
-12.13  MOT   Motorola, Inc.          $121.63  $106.88 
 -6.15  QCOM  Qualcomm Inc.           $109.75  $103.00 
 -7.74  YHOO  Yahoo! Inc.             $130.88  $120.75 
     
 10.48   9.99 Unemotional Growth return YTD  
-11.12  -7.23 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-11.00  NTAP  Network Appliance        $71.00   $63.19 
  5.68  SEBL  Siebel Systems          $123.31  $130.31 
-26.98  QLGC  Qlogic Corp.            $102.38   $74.75 
-21.07  FLEX  Flextronics Int'l        $66.44   $52.44 
 -2.20  MCRL  Micrel Inc.              $90.75   $88.75 
  2.93  DY    Dycom Inds.              $53.38   $54.94 
 -3.56  TBL   Timberland Co. 'A'       $68.56   $66.13 
 10.28  JMED  Jones Pharma             $31.63   $34.88 
-16.85  ITWO  i2 Technologies         $124.63  $103.63 
 -9.47  ORCL  Oracle Corp.             $79.88   $72.31 
     
 -2.05  SPY   S&P500 Trust (Spider)   $147.13  $142.45 
 -7.01  QQQ   Nasdaq 100 Index Trust   $95.50   $88.11