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 21, 2000

Semi-annual Reinvest/Rebalance   
5 stock/10 stock   
 80.15  46.68 PEG26  
 46.78  46.61 Formula 90            
 42.07  19.15 Keystone 100  
 34.65  33.80 Relative Strength - 13 Week  
 26.02  16.50 Unemotional Growth  
 16.17  41.37 PEG13  
  4.46  11.50 Spark   
  3.73  13.11 Keystone  
     3.42     S&P500 Trust (Spider)    
  2.35  13.11 Keystone EPS  
     1.04     Nasdaq 100 Index Trust   
 -1.96  48.09 Relative Strength - IBD  
 -3.96  -0.16 Plowback  
-17.21  35.93 Relative Strength - 26 Week  
     
 46.78  46.61 Formula 90 return YTD Cost Basis 
  5.71  12.18 Return since rebalance 7/3/2000    Now
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 38.95  SDLI  SDL Inc.                $294.00  $408.50 
 30.74  NEWP  Newport Corp.           $112.44  $147.00 
  6.80  SEBL  Siebel Systems          $164.63  $175.81 
-48.40  TECH  Techne Corp.            $148.00   $76.38 
  0.45  ADCT  ADC Telecom.             $41.88   $42.06 
 -2.97  JDSU  JDS Uniphase            $128.19  $124.38 
 15.17  NTAP  Network Appliance        $82.81   $95.38 
 40.66  ITWO  i2 Technologies         $103.00  $144.88 
 26.25  PMCS  PMC-Sierra              $178.13  $224.88 
 14.16  PLXS  Plexus Corp.            $118.25  $135.00 
     
  3.73  13.11 Keystone return YTD  
  8.55   6.19 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  0.45  ADCT  ADC Telecom.             $41.88   $42.06 
 -2.29  MU    Micron Technology        $90.25   $88.19 
  8.91  GLW   Corning Inc.            $274.38  $298.81 
  6.80  SEBL  Siebel Systems          $164.63  $175.81 
 28.86  ENE   Enron Corp.              $68.00   $87.63 
  5.30  INTC  Intel Corp.              $68.44   $72.06 
  3.74  ORCL  Oracle Corp.             $80.19   $83.19 
 -2.97  JDSU  JDS Uniphase            $128.19  $124.38 
-12.02  AMAT  Applied Materials        $92.56   $81.44 
 25.11  MER   Merrill Lynch & Co.     $115.50  $144.50 
     
  2.35  13.11 Keystone EPS return YTD  
  3.38   6.19 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  0.45  ADCT  ADC Telecom.             $41.88   $42.06 
  6.80  SEBL  Siebel Systems          $164.63  $175.81 
  8.91  GLW   Corning Inc.            $274.38  $298.81 
 -2.97  JDSU  JDS Uniphase            $128.19  $124.38 
  3.74  ORCL  Oracle Corp.             $80.19   $83.19 
 -2.29  MU    Micron Technology        $90.25   $88.19 
 25.11  MER   Merrill Lynch & Co.     $115.50  $144.50 
 28.86  ENE   Enron Corp.              $68.00   $87.63 
  5.30  INTC  Intel Corp.              $68.44   $72.06 
-12.02  AMAT  Applied Materials        $92.56   $81.44 
     
 42.07  19.15 Keystone 100 return YTD  
  2.32   6.17 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-21.20  RMBS  Rambus Inc.             $109.69   $86.44 
-18.84  AMD   Advanced Micro Dev.      $84.25   $68.38 
  6.47  CIEN  Ciena Corp.             $171.00  $182.06 
  6.22  SFA   Scientific Atlanta       $75.31   $80.00 
 38.95  SDLI  SDL Inc.                $294.00  $408.50 
 26.25  PMCS  PMC-Sierra              $178.13  $224.88 
  0.45  ADCT  ADC Telecom.             $41.88   $42.06 
 -2.29  MU    Micron Technology        $90.25   $88.19 
  8.91  GLW   Corning Inc.            $274.38  $298.81 
 16.78  ALTR  Altera Corp.             $52.72   $61.56 
     
 16.17  41.37 PEG13 return YTD  
 13.94   3.44 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 14.66  CMX   Caremark RX               $7.25    $8.31 
 -2.44  AZR   Aztar Corp.              $15.38   $15.00 
  0.86  RWY   Rent Way Inc.            $28.94   $29.19 
 50.42  DGX   Quest Diagnostics        $74.13  $111.50 
  6.18  CAH   Cardinal Health          $73.81   $78.38 
-26.08  NSIT  Insight Enterprises      $58.00   $42.88 
-13.85  ADAC  ADAC Labs.               $24.81   $21.38 
 -9.70  CDWC  CDW Computer Ctrs        $66.38   $59.94 
  0.45  ADCT  ADC Telecom.             $41.88   $42.06 
 13.87  ALA   Alcatel ADR              $65.81   $74.94 
     
 80.15  46.68 PEG26 return YTD  
 18.38   9.03 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 -4.58  VSH   Vishay Intertechnology   $39.56   $37.75 
 25.86  OCA   Orthodontic Centers      $23.69   $29.81 
 -4.56  IRF   Int'l Rectifier          $59.00   $56.31 
 50.42  DGX   Quest Diagnostics        $74.13  $111.50 
 24.74  IMPH  IMPATH Inc.              $54.31   $67.75 
-13.85  ADAC  ADAC Labs.               $24.81   $21.38 
-11.23  ALO   ALPHARMA Inc.            $60.69   $53.88 
  0.45  ADCT  ADC Telecom.             $41.88   $42.06 
 16.78  ALTR  Altera Corp.             $52.72   $61.56 
  6.22  SFA   Scientific Atlanta       $75.31   $80.00 
     
 -3.96  -0.16 Plowback return YTD  
  1.02  -0.70 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 26.25  PMCS  PMC-Sierra              $178.13  $224.88 
  3.74  ORCL  Oracle Corp.             $80.19   $83.19 
 -8.91  PFE   Pfizer, Inc.             $47.69   $43.44 
  5.87  RTRSY Reuters ADR             $108.63  $115.00 
-21.84  LLY   Lilly (Eli)              $98.75   $77.19 
 -1.75  VRTS  VERITAS Software        $110.81  $108.88 
-10.75  Q     Qwest Communic.          $51.75   $46.19 
 19.85  MWD   Morgan S. Dean Witter    $85.00  $101.88 
-17.60  SGP   Schering-Plough          $50.44   $41.56 
 -1.82  AMGN  Amgen                    $68.50   $67.25 
     
 -1.96  48.09 Relative Strength - IBD return YTD  
  1.38   7.01 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 38.95  SDLI  SDL Inc.                $294.00  $408.50 
 30.74  NEWP  Newport Corp.           $112.44  $147.00 
-21.20  RMBS  Rambus Inc.             $109.69   $86.44 
  6.80  SEBL  Siebel Systems          $164.63  $175.81 
-48.40  TECH  Techne Corp.            $148.00   $76.38 
  9.96  BEAS  BEA Systems              $48.63   $53.47 
  0.45  ADCT  ADC Telecom.             $41.88   $42.06 
 -2.97  JDSU  JDS Uniphase            $128.19  $124.38 
 15.17  NTAP  Network Appliance        $82.81   $95.38 
 40.66  ITWO  i2 Technologies         $103.00  $144.88 
     
 34.65  33.80 Relative Strength - 13 Week return YTD  
 13.56   5.44 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 30.74  NEWP  Newport Corp.           $112.44  $147.00 
-48.40  TECH  Techne Corp.            $148.00   $76.38 
 50.42  DGX   Quest Diagnostics        $74.13  $111.50 
 44.71  LH    Laboratory Corp.         $78.00  $112.88 
 -9.70  CDWC  CDW Computer Ctrs        $66.38   $59.94 
-26.08  NSIT  Insight Enterprises      $58.00   $42.88 
 41.18  LMS   Lamson & Sessions        $17.00   $24.00 
  0.45  ADCT  ADC Telecom.             $41.88   $42.06 
  0.86  RWY   Rent Way Inc.            $28.94   $29.19 
-29.79  IVX   IVAX Corp.               $42.38   $29.75 
     
-17.21  35.93 Relative Strength - 26 Week return YTD  
-10.29   2.13 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 30.74  NEWP  Newport Corp.           $112.44  $147.00 
-21.20  RMBS  Rambus Inc.             $109.69   $86.44 
-18.84  AMD   Advanced Micro Dev.      $84.25   $68.38 
  6.22  SFA   Scientific Atlanta       $75.31   $80.00 
-48.40  TECH  Techne Corp.            $148.00   $76.38 
 38.95  SDLI  SDL Inc.                $294.00  $408.50 
 41.18  LMS   Lamson & Sessions        $17.00   $24.00 
 -3.79  ROG   Rogers Corp.             $36.25   $34.88 
 26.25  PMCS  PMC-Sierra              $178.13  $224.88 
-29.79  IVX   IVAX Corp.               $42.38   $29.75 
     
  4.46  11.50 Spark return YTD  
  3.86   4.61 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 20.49  EMC   EMC Corp.                $77.19   $93.00 
 -4.83  ERICY Ericsson ADR             $20.69   $19.69 
 -2.26  TXN   Texas Instruments        $69.00   $67.44 
  8.91  GLW   Corning Inc.            $274.38  $298.81 
 -2.97  JDSU  JDS Uniphase            $128.19  $124.38 
 -0.13  PHG   Koninklijke Philips NV   $48.19   $48.13 
  0.45  ADCT  ADC Telecom.             $41.88   $42.06 
  6.80  SEBL  Siebel Systems          $164.63  $175.81 
 17.72  ADI   Analog Devices           $80.06   $94.25 
  1.91  XLNX  Xilinx Inc.              $85.19   $86.81 
     
 26.02  16.50 Unemotional Growth return YTD  
  1.34  -0.67 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  0.45  ADCT  ADC Telecom.             $41.88   $42.06 
 -2.97  JDSU  JDS Uniphase            $128.19  $124.38 
 15.17  NTAP  Network Appliance        $82.81   $95.38 
  3.74  ORCL  Oracle Corp.             $80.19   $83.19  
 -9.70  CDWC  CDW Computer Ctrs        $66.38   $59.94 
-26.08  NSIT  Insight Enterprises      $58.00   $42.88 
 41.93  MCRL  Micrel Inc.              $45.31   $64.31 
-20.60  RFMD  RF Micro Devices         $91.70   $72.81 
  3.24  DY    Dycom Inds.              $46.31   $47.81 
-11.92  SFP   Salton, Inc.             $37.75   $33.25 
     
  3.42  SPY   S&P500 Trust (Spider)   $147.28  $150.41 
  1.04  QQQ   Nasdaq 100 Index Trust   $95.13   $95.73