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 31, 2000

Semi-annual Reinvest/Rebalance   
5 stock/10 stock  
 60.50  35.93 PEG26  
 27.97  29.03 Formula 90            
 26.52   4.75 Keystone 100  
 16.17  26.47 Relative Strength - 13 Week  
 15.09   6.82 Unemotional Growth  
 13.69  36.85 PEG13  
    -1.42     S&P500 Trust (Spider)    
 -4.12  -2.01 Plowback  
    -5.00     Nasdaq 100 Index Trust   
 -5.90  -1.94 Spark   
 -9.02   1.13 Keystone EPS  
 -9.76   1.13 Keystone  
-17.31  29.86 Relative Strength - IBD  
-24.51  26.75 Relative Strength - 26 Week  
     
 27.97  29.03 Formula 90 return YTD Cost Basis 
 -7.84  -1.28 Return since rebalance   7/3/00    Now
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 
 18.05  SDLI  SDL Inc.                $294.00  $347.06
-12.95  NEWP  Newport Corp.           $112.44   $97.88
-11.92  SEBL  Siebel Systems          $164.63  $145.00
-32.52  TECH  Techne Corp.            $148.00   $99.88
  0.15  ADCT  ADC Telecom.             $41.88   $41.94
 -7.85  JDSU  JDS Uniphase            $128.19  $118.13
  4.08  NTAP  Network Appliance        $82.81   $86.19
 25.97  ITWO  i2 Technologies         $103.00  $129.75
  8.84  PMCS  PMC-Sierra              $178.13  $193.88
 -4.60  PLXS  Plexus Corp.            $118.25  $112.81
     
 -9.76   1.13 Keystone return YTD  
 -5.56  -5.05 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  0.15  ADCT  ADC Telecom.             $41.88   $41.94
 -9.70  MU    Micron Technology        $90.25   $81.50
-14.62  GLW   Corning Inc.            $274.38  $234.25
-11.92  SEBL  Siebel Systems          $164.63  $145.00
  8.27  ENE   Enron Corp.              $68.00   $73.63
 -2.47  INTC  Intel Corp.              $68.44   $66.75
 -6.24  ORCL  Oracle Corp.             $80.19   $75.19
 -7.85  JDSU  JDS Uniphase            $128.19  $118.13
-18.03  AMAT  Applied Materials        $92.56   $75.88
 11.85  MER   Merrill Lynch & Co.     $115.50  $129.19
     
 -9.02   1.13 Keystone EPS return YTD  
 -8.10  -5.05 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  0.15  ADCT  ADC Telecom.             $41.88   $41.94
-11.92  SEBL  Siebel Systems          $164.63  $145.00
-14.62  GLW   Corning Inc.            $274.38  $234.25
 -7.85  JDSU  JDS Uniphase            $128.19  $118.13
 -6.24  ORCL  Oracle Corp.             $80.19   $75.19
 -9.70  MU    Micron Technology        $90.25   $81.50
 11.85  MER   Merrill Lynch & Co.     $115.50  $129.19
  8.27  ENE   Enron Corp.              $68.00   $73.63
 -2.47  INTC  Intel Corp.              $68.44   $66.75
-18.03  AMAT  Applied Materials        $92.56   $75.88
     
 26.52   4.75 Keystone 100 return YTD  
 -8.88  -6.66 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~  
-33.16  RMBS  Rambus Inc.             $109.69   $73.31
-14.39  AMD   Advanced Micro Dev.      $84.25   $72.13
-16.89  CIEN  Ciena Corp.             $171.00  $142.13
  1.99  SFA   Scientific Atlanta       $75.31   $76.81
 18.05  SDLI  SDL Inc.                $294.00  $347.06
  8.84  PMCS  PMC-Sierra              $178.13  $193.88
  0.15  ADCT  ADC Telecom.             $41.88   $41.94
 -9.70  MU    Micron Technology        $90.25   $81.50
-14.62  GLW   Corning Inc.            $274.38  $234.25
 -6.88  ALTR  Altera Corp.            $105.44   $98.19
     
 13.69  36.85 PEG13 return YTD  
 11.50   0.12 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 15.52  CMX   Caremark RX               $7.25    $8.38
 -1.22  AZR   Aztar Corp.              $15.38   $15.19
  7.13  RWY   Rent Way Inc.            $28.94   $31.00
 36.59  DGX   Quest Diagnostics        $74.13  $101.25
 -0.51  CAH   Cardinal Health          $73.81   $73.44
-20.26  NSIT  Insight Enterprises      $58.00   $46.25
-20.15  ADAC  ADAC Labs.               $24.81   $19.81
-27.40  CDWC  CDW Computer Ctrs        $66.38   $48.19
  0.15  ADCT  ADC Telecom.             $41.88   $41.94
 11.40  ALA   Alcatel ADR              $65.81   $73.31
     
 60.50  35.93 PEG26 return YTD  
  5.46   1.04 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
-21.64  VSH   Vishay Intertechnology   $39.56   $31.00
  8.71  OCA   Orthodontic Centers      $23.69   $25.75
 -6.46  IRF   Int'l Rectifier          $59.00   $55.19
 36.59  DGX   Quest Diagnostics        $74.13  $101.25
 10.13  IMPH  IMPATH Inc.              $54.31   $59.81
-20.15  ADAC  ADAC Labs.               $24.81   $19.81
  7.93  ALO   ALPHARMA Inc.            $60.69   $65.50
  0.15  ADCT  ADC Telecom.             $41.88   $41.94
 -6.88  ALTR  Altera Corp.            $105.44   $98.19
  1.99  SFA   Scientific Atlanta       $75.31   $76.81
     
 -4.12  -2.01 Plowback return YTD  
  0.86  -2.54 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  8.84  PMCS  PMC-Sierra              $178.13  $193.88
 -6.24  ORCL  Oracle Corp.             $80.19   $75.19
 -9.44  PFE   Pfizer, Inc.             $47.69   $43.19
  5.87  RTRSY Reuters ADR             $108.63  $115.00
  5.25  LLY   Lilly (Eli)              $98.75  $103.94
 -8.01  VRTS  VERITAS Software        $110.81  $101.94
 -9.30  Q     Qwest Communic.          $51.75   $46.94
  7.21  MWD   Morgan S. Dean Witter    $85.00   $91.13
-14.37  SGP   Schering-Plough          $50.44   $43.19
 -5.20  AMGN  Amgen                    $68.50   $64.94
     
-17.31  29.86 Relative Strength - IBD return YTD  
-14.50  -6.16 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 18.05  SDLI  SDL Inc.                $294.00  $347.06
-12.95  NEWP  Newport Corp.           $112.44   $97.88
-33.16  RMBS  Rambus Inc.             $109.69   $73.31
-11.92  SEBL  Siebel Systems          $164.63  $145.00
-32.52  TECH  Techne Corp.            $148.00   $99.88
-11.44  BEAS  BEA Systems              $48.63   $43.06
  0.15  ADCT  ADC Telecom.             $41.88   $41.94
 -7.85  JDSU  JDS Uniphase            $128.19  $118.13
  4.08  NTAP  Network Appliance        $82.81   $86.19
 25.97  ITWO  i2 Technologies         $103.00  $129.75
  
 16.17  26.47 Relative Strength - 13 Week return YTD  
 -2.03  -0.34 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 
-12.95  NEWP  Newport Corp.           $112.44   $97.88
-32.52  TECH  Techne Corp.            $148.00   $99.88
 36.59  DGX   Quest Diagnostics        $74.13  $101.25
 26.12  LH    Laboratory Corp.         $78.00   $98.38
-27.40  CDWC  CDW Computer Ctrs        $66.38   $48.19
-20.26  NSIT  Insight Enterprises      $58.00   $46.25
  3.68  LMS   Lamson & Sessions        $17.00   $17.63
  0.15  ADCT  ADC Telecom.             $41.88   $41.94
  7.13  RWY   Rent Way Inc.            $28.94   $31.00
 16.08  IVX   IVAX Corp.               $42.38   $49.19
     
-24.51  26.75 Relative Strength - 26 Week return YTD  
-18.21  -4.77 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
-12.95  NEWP  Newport Corp.           $112.44   $97.88
-33.16  RMBS  Rambus Inc.             $109.69   $73.31
-14.39  AMD   Advanced Micro Dev.      $84.25   $72.13
  1.99  SFA   Scientific Atlanta       $75.31   $76.81
-32.52  TECH  Techne Corp.            $148.00   $99.88
 18.05  SDLI  SDL Inc.                $294.00  $347.06
  3.68  LMS   Lamson & Sessions        $17.00   $17.63
 -3.28  ROG   Rogers Corp.             $36.25   $35.06
  8.84  PMCS  PMC-Sierra              $178.13  $193.88
 16.08  IVX   IVAX Corp.               $42.38   $49.19
    
 -5.90  -1.94 Spark return YTD  
 -6.44  -8.00 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 10.61  EMC   EMC Corp.                $77.19   $85.38
 -5.14  ERICY Ericsson ADR             $20.69   $19.63
-15.22  TXN   Texas Instruments        $69.00   $58.50
-14.62  GLW   Corning Inc.            $274.38  $234.25
 -7.85  JDSU  JDS Uniphase            $128.19  $118.13
 -7.39  PHG   Koninklijke Philips NV   $48.19   $44.63
  0.15  ADCT  ADC Telecom.             $41.88   $41.94
-11.92  SEBL  Siebel Systems          $164.63  $145.00
-16.71  ADI   Analog Devices           $80.06   $66.69
-11.89  XLNX  Xilinx Inc.              $85.19   $75.06

 15.09   6.82 Unemotional Growth return YTD  
 -7.45  -8.93 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  0.15  ADCT  ADC Telecom.             $41.88   $41.94
 -7.85  JDSU  JDS Uniphase            $128.19  $118.13
  4.08  NTAP  Network Appliance        $82.81   $86.19
 -6.24  ORCL  Oracle Corp.             $80.19   $75.19
-27.40  CDWC  CDW Computer Ctrs        $66.38   $48.19
-20.26  NSIT  Insight Enterprises      $58.00   $46.25
 10.48  MCRL  Micrel Inc.              $45.31   $50.06
-17.67  RFMD  RF Micro Devices         $91.70   $75.50
 -7.69  DY    Dycom Inds.              $46.31   $42.75
-16.89  SFP   Salton, Inc.             $37.75   $31.38
     
 -1.42  SPY   S&P500 Trust (Spider)   $147.28  $143.38
 -5.00  QQQ   Nasdaq 100 Index Trust   $95.13   $90.02