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 14, 2000

Semi-annual Reinvest/Rebalance   
5 stock/10 stock  
 64.73  38.74 PEG26  
 38.72  40.89 Formula 90            
 32.05  11.86 Keystone 100  
 27.88  33.75 Relative Strength - 13 Week  
 23.24  11.73 Unemotional Growth  
 14.75  38.48 PEG13  
     2.79     S&P500 Trust (Spider)    
  0.34   5.59 Spark   
 -0.20   8.51 Keystone EPS  
 -0.61   8.51 Keystone  
    -1.98     Nasdaq 100 Index Trust   
 -5.43  -0.89 Plowback  
 -9.71  42.10 Relative Strength - IBD  
-21.84  33.30 Relative Strength - 26 Week  
     
 38.72  40.89 Formula 90 return YTD Cost Basis 
 -0.10   7.80 Return since rebalance 7/3/2000    Now
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 25.40  SDLI  SDL Inc.                $294.00  $368.69 
  9.95  NEWP  Newport Corp.           $112.44  $123.63 
  2.20  SEBL  Siebel Systems          $164.63  $168.25 
-40.88  TECH  Techne Corp.            $148.00   $87.50 
  2.84  ADCT  ADC Telecom.             $41.88   $43.06 
 -6.19  JDSU  JDS Uniphase            $128.19  $120.25 
  9.58  NTAP  Network Appliance        $82.81   $90.75 
 50.12  ITWO  i2 Technologies         $103.00  $154.63 
 19.68  PMCS  PMC-Sierra              $178.13  $213.19 
  5.29  PLXS  Plexus Corp.            $118.25  $124.50 
     
 -0.61   8.51 Keystone return YTD  
  4.00   1.87 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  2.84  ADCT  ADC Telecom.             $41.88   $43.06 
-11.01  MU    Micron Technology        $90.25   $80.31 
  2.46  GLW   Corning Inc.            $274.38  $281.13 
  2.20  SEBL  Siebel Systems          $164.63  $168.25 
 23.53  ENE   Enron Corp.              $68.00   $84.00 
 -2.19  INTC  Intel Corp.              $68.44   $66.94 
  2.73  ORCL  Oracle Corp.             $80.19   $82.38 
 -6.19  JDSU  JDS Uniphase            $128.19  $120.25 
-19.18  AMAT  Applied Materials        $92.56   $74.81 
 23.48  MER   Merrill Lynch & Co.     $115.50  $142.63 
     
 -0.20   8.51 Keystone EPS return YTD  
  0.81   1.87 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  2.84  ADCT  ADC Telecom.             $41.88   $43.06 
  2.20  SEBL  Siebel Systems          $164.63  $168.25 
  2.46  GLW   Corning Inc.            $274.38  $281.13 
 -6.19  JDSU  JDS Uniphase            $128.19  $120.25 
  2.73  ORCL  Oracle Corp.             $80.19   $82.38 
-11.01  MU    Micron Technology        $90.25   $80.31 
 23.48  MER   Merrill Lynch & Co.     $115.50  $142.63 
 23.53  ENE   Enron Corp.              $68.00   $84.00 
 -2.19  INTC  Intel Corp.              $68.44   $66.94 
-19.18  AMAT  Applied Materials        $92.56   $74.81 
     
 32.05  11.86 Keystone 100 return YTD  
 -4.90  -0.32 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-29.86  RMBS  Rambus Inc.             $109.69   $76.94 
-25.22  AMD   Advanced Micro Dev.      $84.25   $63.00 
 -4.28  CIEN  Ciena Corp.             $171.00  $163.69 
  9.46  SFA   Scientific Atlanta       $75.31   $82.44 
 25.40  SDLI  SDL Inc.                $294.00  $368.69 
 19.68  PMCS  PMC-Sierra              $178.13  $213.19 
  2.84  ADCT  ADC Telecom.             $41.88   $43.06 
-11.01  MU    Micron Technology        $90.25   $80.31 
  2.46  GLW   Corning Inc.            $274.38  $281.13 
  7.29  ALTR  Altera Corp.             $52.72   $56.56 
     
 14.75  38.48 PEG13 return YTD  
 12.54   1.32 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 15.52  CMX   Caremark RX               $7.25    $8.38 
 -1.63  AZR   Aztar Corp.              $15.38   $15.13 
  3.46  RWY   Rent Way Inc.            $28.94   $29.94 
 44.35  DGX   Quest Diagnostics        $74.13  $107.00 
  1.02  CAH   Cardinal Health          $73.81   $74.56 
-25.32  NSIT  Insight Enterprises      $58.00   $43.31 
-24.69  ADAC  ADAC Labs.               $24.81   $18.69 
-13.47  CDWC  CDW Computer Ctrs        $66.38   $57.44 
  2.84  ADCT  ADC Telecom.             $41.88   $43.06 
 11.11  ALA   Alcatel ADR              $65.81   $73.13 
     
 64.73  38.74 PEG26 return YTD  
  8.25   3.13 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-15.32  VSH   Vishay Intertechnology   $39.56   $33.50 
 25.07  OCA   Orthodontic Centers      $23.69   $29.63 
-13.67  IRF   Int'l Rectifier          $59.00   $50.94 
 44.35  DGX   Quest Diagnostics        $74.13  $107.00 
  0.81  IMPH  IMPATH Inc.              $54.31   $54.75 
-24.69  ADAC  ADAC Labs.               $24.81   $18.69 
 -4.84  ALO   ALPHARMA Inc.            $60.69   $57.75 
  2.84  ADCT  ADC Telecom.             $41.88   $43.06 
  7.29  ALTR  Altera Corp.             $52.72   $56.56 
  9.46  SFA   Scientific Atlanta       $75.31   $82.44 
     
 -5.43  -0.89 Plowback return YTD  
 -0.53  -1.43 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 19.68  PMCS  PMC-Sierra              $178.13  $213.19 
  2.73  ORCL  Oracle Corp.             $80.19   $82.38 
-10.35  PFE   Pfizer, Inc.             $47.69   $42.75 
  6.50  RTRSY Reuters ADR             $108.63  $115.69 
-21.20  LLY   Lilly (Eli)              $98.75   $77.81 
-11.34  VRTS  VERITAS Software        $110.81   $98.25 
 -3.74  Q     Qwest Communic.          $51.75   $49.81 
 22.43  MWD   Morgan S. Dean Witter    $85.00  $104.06 
-20.32  SGP   Schering-Plough          $50.44   $40.19 
  1.37  AMGN  Amgen                    $68.50   $69.44 
     
 -9.71  42.10 Relative Strength - IBD return YTD  
 -6.64   2.69 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 25.40  SDLI  SDL Inc.                $294.00  $368.69 
  9.95  NEWP  Newport Corp.           $112.44  $123.63 
-29.86  RMBS  Rambus Inc.             $109.69   $76.94 
  2.20  SEBL  Siebel Systems          $164.63  $168.25 
-40.88  TECH  Techne Corp.            $148.00   $87.50 
  3.73  BEAS  BEA Systems              $48.63   $50.44 
  2.84  ADCT  ADC Telecom.             $41.88   $43.06 
 -6.19  JDSU  JDS Uniphase            $128.19  $120.25 
  9.58  NTAP  Network Appliance        $82.81   $90.75 
 50.12  ITWO  i2 Technologies         $103.00  $154.63 
     
 27.88  33.75 Relative Strength - 13 Week return YTD  
  7.84   5.40 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  9.95  NEWP  Newport Corp.           $112.44  $123.63 
-40.88  TECH  Techne Corp.            $148.00   $87.50 
 44.35  DGX   Quest Diagnostics        $74.13  $107.00 
 39.26  LH    Laboratory Corp.         $78.00  $108.63 
-13.47  CDWC  CDW Computer Ctrs        $66.38   $57.44 
-25.32  NSIT  Insight Enterprises      $58.00   $43.31 
 33.82  LMS   Lamson & Sessions        $17.00   $22.75 
  2.84  ADCT  ADC Telecom.             $41.88   $43.06 
  3.46  RWY   Rent Way Inc.            $28.94   $29.94 
  0.00  IVX   IVAX Corp.               $42.38   $42.38 
     
-21.84  33.30 Relative Strength - 26 Week return YTD  
-15.31   0.15 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  9.95  NEWP  Newport Corp.           $112.44  $123.63 
-29.86  RMBS  Rambus Inc.             $109.69   $76.94 
-25.22  AMD   Advanced Micro Dev.      $84.25   $63.00 
  9.46  SFA   Scientific Atlanta       $75.31   $82.44 
-40.88  TECH  Techne Corp.            $148.00   $87.50 
 25.40  SDLI  SDL Inc.                $294.00  $368.69 
 33.82  LMS   Lamson & Sessions        $17.00   $22.75 
 -0.86  ROG   Rogers Corp.             $36.25   $35.94 
 19.68  PMCS  PMC-Sierra              $178.13  $213.19 
  0.00  IVX   IVAX Corp.               $42.38   $42.38 
     
  0.34   5.59 Spark return YTD  
 -0.23  -0.93 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 16.52  EMC   EMC Corp.                $77.19   $89.94 
 -6.34  ERICY Ericsson ADR             $20.69   $19.38 
 -7.61  TXN   Texas Instruments        $69.00   $63.75 
  2.46  GLW   Corning Inc.            $274.38  $281.13 
 -6.19  JDSU  JDS Uniphase            $128.19  $120.25 
 -5.45  PHG   Koninklijke Philips NV   $48.19   $45.56 
  2.84  ADCT  ADC Telecom.             $41.88   $43.06 
  2.20  SEBL  Siebel Systems          $164.63  $168.25 
 -4.76  ADI   Analog Devices           $80.06   $76.25 
 -3.01  XLNX  Xilinx Inc.              $85.19   $82.63 
     
 23.24  11.73 Unemotional Growth return YTD  
 -0.90  -4.75 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  2.84  ADCT  ADC Telecom.             $41.88   $43.06 
 -6.19  JDSU  JDS Uniphase            $128.19  $120.25 
  9.58  NTAP  Network Appliance        $82.81   $90.75 
  2.73  ORCL  Oracle Corp.             $80.19   $82.38 
-13.47  CDWC  CDW Computer Ctrs        $66.38   $57.44 
-25.32  NSIT  Insight Enterprises      $58.00   $43.31 
 16.14  MCRL  Micrel Inc.              $45.31   $52.63 
-24.76  RFMD  RF Micro Devices         $91.70   $69.00 
  1.75  DY    Dycom Inds.              $46.31   $47.13 
-10.76  SFP   Salton, Inc.             $37.75   $33.69 
     
  2.79  SPY   S&P500 Trust (Spider)   $147.28  $149.50 
 -1.98  QQQ   Nasdaq 100 Index Trust   $95.13   $92.88