Workshop Returns -- Semi-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 July 17, 2000

Semi-annual Reinvest/Rebalance   
5 stock/10 stock    
 77.92 46.55 PEG26 
 52.48 23.13 Keystone 100 
 46.38 45.83 Formula 90           
 28.29 35.17 Relative Strength - 13 Week 
 23.53 20.23 Unemotional Growth 
 14.92 43.21 PEG13 
     7.06    Nasdaq 100 Index Trust  
  3.92 13.11 Spark  
     3.82    S&P500 Trust (Spider)   
  2.51 50.65 Relative Strength - IBD 
  1.56  7.35 Plowback 
 -0.04  9.82 Keystone 
 -1.78  9.82 Keystone EPS 
 -6.79 44.40 Relative Strength - 26 Week 

 46.38 45.83 Formula 90 return YTD         Cost Basis
  5.42 11.58 Return since rebalance 7/3/00 Now
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~   
 34.01 SDLI  SDL Inc.                $294.00 $394.00
 -2.17 NEWP  Newport Corp.           $112.44 $110.00
 12.98 SEBL  Siebel Systems          $164.63 $186.00
-13.77 TECH  Techne Corp.            $148.00 $127.63
 -3.96 ADCT  ADC Telecom.             $83.75  $80.44
 -9.65 JDSU  JDS Uniphase            $128.19 $115.81
 23.17 NTAP  Network Appliance        $82.81 $102.00
 31.92 ITWO  i2 Technologies         $103.00 $135.88
 28.84 PMCS  PMC-Sierra              $178.13 $229.50
 14.38 PLXS  Plexus Corp.            $118.25 $135.25
    
 -0.04 9.82 Keystone return YTD 
  4.60 3.10 Return since rebalance 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~   
 -3.96 ADCT  ADC Telecom.             $83.75  $80.44
  5.68 MU    Micron Technology        $90.25  $95.38
  1.78 GLW   Corning Inc.            $274.38 $279.25
 12.98 SEBL  Siebel Systems          $164.63 $186.00
  6.53 ENE   Enron Corp.              $68.00  $72.44
  6.89 INTC  Intel Corp.             $136.88 $146.31
 -5.07 ORCL  Oracle Corp.             $80.19  $76.13
 -9.65 JDSU  JDS Uniphase            $128.19 $115.81
  1.55 AMAT  Applied Materials        $92.56  $94.00
 14.29 MER   Merrill Lynch & Co.     $115.50 $132.00
    
-1.78 9.82 Keystone EPS return YTD 
-0.78 3.10 Return since rebalance 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~   
 -3.96 ADCT  ADC Telecom.             $83.75  $80.44
 12.98 SEBL  Siebel Systems          $164.63 $186.00
  1.78 GLW   Corning Inc.            $274.38 $279.25
 -9.65 JDSU  JDS Uniphase            $128.19 $115.81
 -5.07 ORCL  Oracle Corp.             $80.19  $76.13
  5.68 MU    Micron Technology        $90.25  $95.38
 14.29 MER   Merrill Lynch & Co.     $115.50 $132.00
  6.53 ENE   Enron Corp.              $68.00  $72.44
  6.89 INTC  Intel Corp.             $136.88 $146.31
  1.55 AMAT  Applied Materials        $92.56  $94.00
    
 52.48 23.13 Keystone 100 return YTD 
  9.81  9.72 Return since rebalance 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~   
 -1.08 RMBS  Rambus Inc.             $109.69 $108.50
  7.86 AMD   Advanced Micro Dev.      $84.25  $90.88
 -5.85 CIEN  Ciena Corp.             $171.00 $161.00
 14.11 SFA   Scientific Atlanta       $75.31  $85.94
 34.01 SDLI  SDL Inc.                $294.00 $394.00
 28.84 PMCS  PMC-Sierra              $178.13 $229.50
 -3.96 ADCT  ADC Telecom.             $83.75  $80.44
  5.68 MU    Micron Technology        $90.25  $95.38
  1.78 GLW   Corning Inc.            $274.38 $279.25
 15.77 ALTR  Altera Corp.            $105.44 $122.06
    
 14.92 43.21 PEG13 return YTD 
 12.71  4.78 Return since rebalance 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~   
 19.83 CMX   Caremark RX               $7.25   $8.69
 -3.25 AZR   Aztar Corp.              $15.38  $14.88
 10.58 RWY   Rent Way Inc.            $28.94  $32.00
 44.35 DGX   Quest Diagnostics        $74.13 $107.00
 -7.96 CAH   Cardinal Health          $73.81  $67.94
  4.09 NSIT  Insight Enterprises      $58.00  $60.38
-24.18 ADAC  ADAC Labs.               $24.81  $18.81
 -7.82 CDWC  CDW Computer Ctrs        $66.38  $61.19
 -3.96 ADCT  ADC Telecom.             $83.75  $80.44
 16.14 ALA   Alcatel ADR              $65.81  $76.44
    
 77.92 46.55 PEG26 return YTD 
 16.91  8.93 Return since rebalance 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~   
  1.74 VSH   Vishay Intertechnology   $39.56  $40.25
 -0.79 OCA   Orthodontic Centers      $23.69  $23.50
 10.38 IRF   Int'l Rectifier          $59.00  $65.13
 44.35 DGX   Quest Diagnostics        $74.13 $107.00
 28.88 IMPH  IMPATH Inc.              $54.31  $70.00
-24.18 ADAC  ADAC Labs.               $24.81  $18.81
  2.99 ALO   ALPHARMA Inc.            $60.69  $62.50
 -3.96 ADCT  ADC Telecom.             $83.75  $80.44
 15.77 ALTR  Altera Corp.            $105.44 $122.06
 14.11 SFA   Scientific Atlanta       $75.31  $85.94
    
  1.56  7.35 Plowback return YTD 
  6.82  6.77 Return since rebalance 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~   
 28.84 PMCS  PMC-Sierra              $178.13 $229.50
 -5.07 ORCL  Oracle Corp.             $80.19  $76.13
 -3.31 PFE   Pfizer, Inc.             $47.69  $46.11
 13.92 RTRSY Reuters ADR             $108.63 $123.75
 -0.27 LLY   Lilly (Eli)              $98.75  $98.48
 23.07 VRTS  VERITAS Software        $110.81 $136.38
  5.19 Q     Qwest Communic.          $51.75  $54.44
  8.38 MWD   Morgan S. Dean Witter    $85.00  $92.13
- 8.71 SGP   Schering-Plough          $50.44  $46.05
  5.66 AMGN  Amgen                    $68.50  $72.38
    
  2.51 50.65 Relative Strength - IBD return YTD 
  6.00  8.87 Return since rebalance 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~   
 34.01 SDLI  SDL Inc.                $294.00 $394.00
 -2.17 NEWP  Newport Corp.           $112.44 $110.00
 -1.08 RMBS  Rambus Inc.             $109.69 $108.50
 12.98 SEBL  Siebel Systems          $164.63 $186.00
 -13.77 TECH  Techne Corp.           $148.00 $127.63
 17.22 BEAS  BEA Systems              $48.63  $57.00
 -3.96 ADCT  ADC Telecom.             $83.75  $80.44
 -9.65 JDSU  JDS Uniphase            $128.19 $115.81
 23.17 NTAP  Network Appliance        $82.81 $102.00
 31.92 ITWO  i2 Technologies         $103.00 $135.88
    
 28.29 35.17 Relative Strength - 13 Week return YTD 
  8.19  6.51 Return since rebalance 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~   
 -2.17 NEWP  Newport Corp.           $112.44 $110.00
-13.77 TECH  Techne Corp.            $148.00 $127.63
 44.35 DGX   Quest Diagnostics        $74.13 $107.00
 20.35 LH    Laboratory Corp.         $78.00  $93.88
 -7.82 CDWC  CDW Computer Ctrs        $66.38  $61.19
  4.09 NSIT  Insight Enterprises      $58.00  $60.38
  8.46 LMS   Lamson & Sessions        $17.00  $18.44
 -3.96 ADCT  ADC Telecom.             $83.75  $80.44
 10.58 RWY   Rent Way Inc.            $28.94  $32.00
  5.01 IVX   IVAX Corp.               $42.38  $44.50
    
 -6.79 44.40 Relative Strength - 26 Week return YTD 
  0.99  8.49 Return since rebalance 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~   
 -2.17 NEWP  Newport Corp.           $112.44 $110.00
 -1.08 RMBS  Rambus Inc.             $109.69 $108.50
  7.86 AMD   Advanced Micro Dev.      $84.25  $90.88
 14.11 SFA   Scientific Atlanta       $75.31  $85.94
-13.77 TECH  Techne Corp.            $148.00 $127.63
 34.01 SDLI  SDL Inc.                $294.00 $394.00
  8.46 LMS   Lamson & Sessions        $17.00  $18.44
  3.62 ROG   Rogers Corp.             $36.25  $37.56
 28.84 PMCS  PMC-Sierra              $178.13 $229.50
  5.01 IVX   IVAX Corp.               $42.38  $44.50
    
  3.92 13.11 Spark return YTD 
  3.32 6.12 Return since rebalance 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~   
  5.10 EMC   EMC Corp.                $77.19  $81.13
 12.69 ERICY Ericsson ADR             $20.69  $23.31
  6.70 TXN   Texas Instruments        $69.00  $73.63
  1.78 GLW   Corning Inc.           $274.38  $279.25
 -9.65 JDSU  JDS Uniphase            $128.19 $115.81
 11.80 PHG   Koninklijke Philips NV   $48.19  $53.88
 -3.96 ADCT  ADC Telecom.             $83.75  $80.44
 12.98 SEBL  Siebel Systems          $164.63 $186.00
 10.30 ADI   Analog Devices           $80.06  $88.31
 13.43 XLNX  Xilinx Inc.              $85.19  $96.63
    
 23.53 20.23 Unemotional Growth return YTD 
 -0.66 2.51 Return since rebalance 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~   
 -3.96 ADCT  ADC Telecom.             $83.75  $80.44
 -9.65 JDSU  JDS Uniphase            $128.19 $115.81
 23.17 NTAP  Network Appliance        $82.81 $102.00
 -5.07 ORCL  Oracle Corp.             $80.19  $76.13
 -7.82 CDWC  CDW Computer Ctrs        $66.38  $61.19
  4.09 NSIT  Insight Enterprises      $58.00  $60.38
 32.28 MCRL  Micrel Inc.              $45.31  $59.94
  2.16 RFMD  RF Micro Devices         $91.70  $93.69
 -7.15 DY    Dycom Inds.              $46.31  $43.00
 -2.98 SFP   Salton, Inc.             $37.75  $36.63
    
  3.82 SPY   S&P500 Trust (Spider)   $147.28 $151.00
  7.06 QQQ   Nasdaq 100 Index Trust   $95.13 $101.44