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 August 7, 2000

Semi-annual Reinvest/Rebalance   
5 stock/10 stock  
 65.95  40.88 PEG26  
 41.68  38.01 Formula 90            
 30.63  33.51 Relative Strength - 13 Week  
 29.90   8.15 Keystone 100  
 21.80   9.68 Unemotional Growth  
 16.15  39.05 PEG13  
     1.85     S&P500 Trust (Spider)    
 -0.53   5.50 Keystone EPS  
 -1.34   2.66 Plowback  
    -2.37     Nasdaq 100 Index Trust   
 -2.42   0.52 Spark   
 -2.99   5.50 Keystone  
 -9.39  42.69 Relative Strength - IBD  
-20.04  31.29 Relative Strength - 26 Week  
     
 41.68  38.01 Formula 90 return YTD Cost Basis 
  2.04   5.60 Return since rebalance   7/3/00    Now
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 
 26.21  SDLI  SDL Inc.                $294.00  $371.06
  4.28  NEWP  Newport Corp.           $112.44  $117.25
 -0.27  SEBL  Siebel Systems          $164.63  $164.19
-26.01  TECH  Techne Corp.            $148.00  $109.50
  5.97  ADCT  ADC Telecom.             $41.88   $44.38
 -5.46  JDSU  JDS Uniphase            $128.19  $121.19
  8.38  NTAP  Network Appliance        $82.81   $89.75
 39.20  ITWO  i2 Technologies         $103.00  $143.38
  9.51  PMCS  PMC-Sierra              $178.13  $195.06
 -5.81  PLXS  Plexus Corp.            $118.25  $111.38
     
 -2.99   5.50 Keystone return YTD  
  1.52  -0.95 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  5.97  ADCT  ADC Telecom.             $41.88   $44.38
-16.20  MU    Micron Technology        $90.25   $75.63
  0.05  GLW   Corning Inc.            $274.38  $274.50
 -0.27  SEBL  Siebel Systems          $164.63  $164.19
 18.04  ENE   Enron Corp.              $68.00   $80.27
 -8.04  INTC  Intel Corp.              $68.44   $62.94
  2.10  ORCL  Oracle Corp.             $80.19   $81.88
 -5.46  JDSU  JDS Uniphase            $128.19  $121.19
-24.44  AMAT  Applied Materials        $92.56   $69.94
 18.75  MER   Merrill Lynch & Co.     $115.50  $137.16
     
 -0.53   5.50 Keystone EPS return YTD  
  0.48  -0.95 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 
  5.97  ADCT  ADC Telecom.             $41.88   $44.38
 -0.27  SEBL  Siebel Systems          $164.63  $164.19
  0.05  GLW   Corning Inc.            $274.38  $274.50
 -5.46  JDSU  JDS Uniphase            $128.19  $121.19
  2.10  ORCL  Oracle Corp.             $80.19   $81.88
-16.20  MU    Micron Technology        $90.25   $75.63
 18.75  MER   Merrill Lynch & Co.     $115.50  $137.16
 18.04  ENE   Enron Corp.              $68.00   $80.27
 -8.04  INTC  Intel Corp.              $68.44   $62.94
-24.44  AMAT  Applied Materials        $92.56   $69.94
     
 29.90   8.15 Keystone 100 return YTD  
 -6.45  -3.63 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 
-35.78  RMBS  Rambus Inc.             $109.69   $70.44
-21.81  AMD   Advanced Micro Dev.      $84.25   $65.88
-13.38  CIEN  Ciena Corp.             $171.00  $148.13
 12.53  SFA   Scientific Atlanta       $75.31   $84.75
 26.21  SDLI  SDL Inc.                $294.00  $371.06
  9.51  PMCS  PMC-Sierra              $178.13  $195.06
  5.97  ADCT  ADC Telecom.             $41.88   $44.38
-16.20  MU    Micron Technology        $90.25   $75.63
  0.05  GLW   Corning Inc.            $274.38  $274.50
 -3.38  ALTR  Altera Corp.            $105.44  $101.88
     
 16.15  39.05 PEG13 return YTD  
 13.91   1.74 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 
 13.79  CMX   Caremark RX               $7.25    $8.25
  0.41  AZR   Aztar Corp.              $15.38   $15.44
  1.08  RWY   Rent Way Inc.            $28.94   $29.25
 56.32  DGX   Quest Diagnostics        $74.13  $115.88
 -2.03  CAH   Cardinal Health          $73.81   $72.31
-24.78  NSIT  Insight Enterprises      $58.00   $43.63
-18.64  ADAC  ADAC Labs.               $24.81   $20.19
-21.28  CDWC  CDW Computer Ctrs        $66.38   $52.25
  5.97  ADCT  ADC Telecom.             $41.88   $44.38
  6.55  ALA   Alcatel ADR              $65.81   $70.13
     
 65.95  40.88 PEG26 return YTD  
  9.05   4.72 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 
-21.17  VSH   Vishay Intertechnology   $39.56   $31.19
 25.07  OCA   Orthodontic Centers      $23.69   $29.63
-22.35  IRF   Int'l Rectifier          $59.00   $45.81
 56.32  DGX   Quest Diagnostics        $74.13  $115.88
  7.36  IMPH  IMPATH Inc.              $54.31   $58.31
-18.64  ADAC  ADAC Labs.               $24.81   $20.19
  5.46  ALO   ALPHARMA Inc.            $60.69   $64.00
  5.97  ADCT  ADC Telecom.             $41.88   $44.38
 -3.38  ALTR  Altera Corp.            $105.44  $101.88
 12.53  SFA   Scientific Atlanta       $75.31   $84.75
     
 -1.34   2.66 Plowback return YTD  
  3.78   2.10 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  9.51  PMCS  PMC-Sierra              $178.13  $195.06
  2.10  ORCL  Oracle Corp.             $80.19   $81.88
 -5.80  PFE   Pfizer, Inc.             $47.69   $44.92
  5.19  RTRSY Reuters ADR             $108.63  $114.27
  7.90  LLY   Lilly (Eli)              $98.75  $106.55
 -3.51  VRTS  VERITAS Software        $110.81  $106.92
 -0.36  Q     Qwest Communic.          $51.75   $51.56
 16.10  MWD   Morgan S. Dean Witter    $85.00   $98.69
-15.40  SGP   Schering-Plough          $50.44   $42.67
  5.29  AMGN  Amgen                    $68.50   $72.13
     
 -9.39  42.69 Relative Strength - IBD return YTD  
 -6.31   3.12 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 26.21  SDLI  SDL Inc.                $294.00  $371.06
  4.28  NEWP  Newport Corp.           $112.44  $117.25
-35.78  RMBS  Rambus Inc.             $109.69   $70.44
 -0.27  SEBL  Siebel Systems          $164.63  $164.19
-26.01  TECH  Techne Corp.            $148.00  $109.50
 14.65  BEAS  BEA Systems              $48.63   $55.75
  5.97  ADCT  ADC Telecom.             $41.88   $44.38
 -5.46  JDSU  JDS Uniphase            $128.19  $121.19
  8.38  NTAP  Network Appliance        $82.81   $89.75
 39.20  ITWO  i2 Technologies         $103.00  $143.38
     
 30.63  33.51 Relative Strength - 13 Week return YTD  
 10.16   5.21 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 
  4.28  NEWP  Newport Corp.           $112.44  $117.25
-26.01  TECH  Techne Corp.            $148.00  $109.50
 56.32  DGX   Quest Diagnostics        $74.13  $115.88
 37.50  LH    Laboratory Corp.         $78.00  $107.25
-21.28  CDWC  CDW Computer Ctrs        $66.38   $52.25
-24.78  NSIT  Insight Enterprises      $58.00   $43.63
 23.16  LMS   Lamson & Sessions        $17.00   $20.94
  5.97  ADCT  ADC Telecom.             $41.88   $44.38
  1.08  RWY   Rent Way Inc.            $28.94   $29.25
 -4.13  IVX   IVAX Corp.               $42.38   $40.63
     
-20.04  31.29 Relative Strength - 26 Week return YTD  
-13.36  -1.36 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  4.28  NEWP  Newport Corp.           $112.44  $117.25
-35.78  RMBS  Rambus Inc.             $109.69   $70.44
-21.81  AMD   Advanced Micro Dev.      $84.25   $65.88
 12.53  SFA   Scientific Atlanta       $75.31   $84.75
-26.01  TECH  Techne Corp.            $148.00  $109.50
 26.21  SDLI  SDL Inc.                $294.00  $371.06
 23.16  LMS   Lamson & Sessions        $17.00   $20.94
 -1.55  ROG   Rogers Corp.             $36.25   $35.69
  9.51  PMCS  PMC-Sierra              $178.13  $195.06
 -4.13  IVX   IVAX Corp.               $42.38   $40.63
     
 -2.42   0.52 Spark return YTD  
 -2.98  -5.70 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
 16.60  EMC   EMC Corp.                $77.19   $90.00
-10.88  ERICY Ericsson ADR             $20.69   $18.44
-15.22  TXN   Texas Instruments        $69.00   $58.50
  0.05  GLW   Corning Inc.            $274.38  $274.50
 -5.46  JDSU  JDS Uniphase            $128.19  $121.19
-12.84  PHG   Koninklijke Philips NV   $48.19   $42.00
  5.97  ADCT  ADC Telecom.             $41.88   $44.38
 -0.27  SEBL  Siebel Systems          $164.63  $164.19
-25.60  ADI   Analog Devices           $80.06   $59.56
 -9.32  XLNX  Xilinx Inc.              $85.19   $77.25
     
 21.80   9.68 Unemotional Growth return YTD  
 -2.06  -6.49 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~  
  5.97  ADCT  ADC Telecom.             $41.88   $44.38
 -5.46  JDSU  JDS Uniphase            $128.19  $121.19
  8.38  NTAP  Network Appliance        $82.81   $89.75
  2.10  ORCL  Oracle Corp.             $80.19   $81.88
-21.28  CDWC  CDW Computer Ctrs        $66.38   $52.25
-24.78  NSIT  Insight Enterprises      $58.00   $43.63
  7.31  MCRL  Micrel Inc.              $45.31   $48.63
-22.58  RFMD  RF Micro Devices         $91.70   $71.00
  0.67  DY    Dycom Inds.              $46.31   $46.63
-15.23  SFP   Salton, Inc.             $37.75   $32.00
  
  1.85  SPY   S&P500 Trust (Spider)   $147.28  $148.13
 -2.37  QQQ   Nasdaq 100 Index Trust   $95.13   $92.50