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 28, 2000

Semi-annual Reinvest/Rebalance   
5 stock/10 stock 
 94.94  52.68 PEG26  
 47.19  52.71 Formula 90            
 44.67  20.29 Keystone 100  
 44.22  31.59 Relative Strength - 13 Week  
 27.53  21.37 Unemotional Growth  
 18.44  43.14 PEG13  
  6.11  12.22 Spark   
     4.36     S&P500 Trust (Spider)    
     4.22     Nasdaq 100 Index Trust   
  3.00  13.23 Keystone  
  2.52  13.23 Keystone EPS  
  0.67  52.93 Relative Strength - IBD  
 -2.60   3.23 Plowback  
-15.49  34.62 Relative Strength - 26 Week  
     
 47.19  52.71 Formula 90 return YTD Cost Basis 
  6.00  16.84 Return since rebalance   7/3/00    Now
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 35.37  SDLI  SDL Inc.                $294.00  $398.00 
 32.07  NEWP  Newport Corp.           $112.44  $148.50 
 13.78  SEBL  Siebel Systems          $164.63  $187.31 
-37.33  TECH  Techne Corp.            $148.00   $92.75 
-13.88  ADCT  ADC Telecom.             $41.88   $36.06 
 -3.61  JDSU  JDS Uniphase            $128.19  $123.56 
 25.43  NTAP  Network Appliance        $82.81  $103.88 
 54.13  ITWO  i2 Technologies         $103.00  $158.75 
 34.95  PMCS  PMC-Sierra              $178.13  $240.38 
 27.48  PLXS  Plexus Corp.            $118.25  $150.75 
     
  3.00  13.23 Keystone return YTD  
  7.78   6.31 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-13.88  ADCT  ADC Telecom.             $41.88   $36.06 
 -1.04  MU    Micron Technology        $90.25   $89.31 
 13.30  GLW   Corning Inc.            $274.38  $310.88 
 13.78  SEBL  Siebel Systems          $164.63  $187.31 
 26.75  ENE   Enron Corp.              $68.00   $86.19 
  7.95  INTC  Intel Corp.              $68.44   $73.88 
  8.18  ORCL  Oracle Corp.             $80.19   $86.75 
 -3.61  JDSU  JDS Uniphase            $128.19  $123.56 
-10.13  AMAT  Applied Materials        $92.56   $83.19 
 21.75  MER   Merrill Lynch & Co.     $115.50  $140.63 
     
  2.52  13.23 Keystone EPS return YTD  
  3.56   6.31 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-13.88  ADCT  ADC Telecom.             $41.88   $36.06 
 13.78  SEBL  Siebel Systems          $164.63  $187.31 
 13.30  GLW   Corning Inc.            $274.38  $310.88 
 -3.61  JDSU  JDS Uniphase            $128.19  $123.56 
  8.18  ORCL  Oracle Corp.             $80.19   $86.75 
 -1.04  MU    Micron Technology        $90.25   $89.31 
 21.75  MER   Merrill Lynch & Co.     $115.50  $140.63 
 26.75  ENE   Enron Corp.              $68.00   $86.19 
  7.95  INTC  Intel Corp.              $68.44   $73.88 
-10.13  AMAT  Applied Materials        $92.56   $83.19 
     
 44.67  20.29 Keystone 100 return YTD  
  4.19   7.19 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-23.42  RMBS  Rambus Inc.             $109.69   $84.00 
-18.55  AMD   Advanced Micro Dev.      $42.13   $34.31 
 22.48  CIEN  Ciena Corp.             $171.00  $209.44 
  5.06  SFA   Scientific Atlanta       $75.31   $79.13 
 35.37  SDLI  SDL Inc.                $294.00  $398.00 
 34.95  PMCS  PMC-Sierra              $178.13  $240.38 
-13.88  ADCT  ADC Telecom.             $41.88   $36.06 
 -1.04  MU    Micron Technology        $90.25   $89.31 
 13.30  GLW   Corning Inc.            $274.38  $310.88 
 17.61  ALTR  Altera Corp.             $52.72   $62.00 
     
 18.44  43.14 PEG13 return YTD  
 16.16   4.73 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 26.72  CMX   Caremark RX               $7.25    $9.19 
 -5.28  AZR   Aztar Corp.              $15.38   $14.56 
-18.14  RWY   Rent Way Inc.            $28.94   $23.69 
 69.39  DGX   Quest Diagnostics        $74.13  $125.56 
  8.13  CAH   Cardinal Health          $73.81   $79.81 
-25.86  NSIT  Insight Enterprises      $58.00   $43.00 
 -7.56  ADAC  ADAC Labs.               $24.81   $22.94 
 -3.39  CDWC  CDW Computer Ctrs        $66.38   $64.13 
-13.88  ADCT  ADC Telecom.             $41.88   $36.06 
 17.19  ALA   Alcatel ADR              $65.81   $77.13 
     
 94.94  52.68 PEG26 return YTD  
 28.10  13.49 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 -1.90  VSH   Vishay Intertechnology   $39.56   $38.81 
 27.97  OCA   Orthodontic Centers      $23.69   $30.31 
  6.46  IRF   Int'l Rectifier          $59.00   $62.81 
 69.39  DGX   Quest Diagnostics        $74.13  $125.56 
 38.55  IMPH  IMPATH Inc.              $54.31   $75.25 
 -7.56  ADAC  ADAC Labs.               $24.81   $22.94 
 -6.80  ALO   ALPHARMA Inc.            $60.69   $56.56 
-13.88  ADCT  ADC Telecom.             $41.88   $36.06 
 17.61  ALTR  Altera Corp.             $52.72   $62.00 
  5.06  SFA   Scientific Atlanta       $75.31   $79.13 
     
 -2.60   3.23 Plowback return YTD  
  2.45   2.67 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 34.95  PMCS  PMC-Sierra              $178.13  $240.38 
  8.18  ORCL  Oracle Corp.             $80.19   $86.75 
 -9.96  PFE   Pfizer, Inc.             $47.69   $42.94 
  3.62  RTRSY Reuters ADR             $108.63  $112.56 
-24.56  LLY   Lilly (Eli)              $98.75   $74.50 
  7.16  VRTS  VERITAS Software        $110.81  $118.75 
 -1.45  Q     Qwest Communic.          $51.75   $51.00 
 20.96  MWD   Morgan S. Dean Witter    $85.00  $102.81 
-19.83  SGP   Schering-Plough          $50.44   $40.44 
  7.66  AMGN  Amgen                    $68.50   $73.75 
     
  0.67  52.93 Relative Strength - IBD return YTD  
  4.10  10.52 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 35.37  SDLI  SDL Inc.                $294.00  $398.00 
 32.07  NEWP  Newport Corp.           $112.44  $148.50 
-23.42  RMBS  Rambus Inc.             $109.69   $84.00 
 13.78  SEBL  Siebel Systems          $164.63  $187.31 
-37.33  TECH  Techne Corp.            $148.00   $92.75 
 22.62  BEAS  BEA Systems              $48.63   $59.63 
-13.88  ADCT  ADC Telecom.             $41.88   $36.06 
 -3.61  JDSU  JDS Uniphase            $128.19  $123.56 
 25.43  NTAP  Network Appliance        $82.81  $103.88 
 54.13  ITWO  i2 Technologies         $103.00  $158.75 
     
 44.22  31.59 Relative Strength - 13 Week return YTD  
 21.62   3.70 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 32.07  NEWP  Newport Corp.           $112.44  $148.50 
-37.33  TECH  Techne Corp.            $148.00   $92.75 
 69.39  DGX   Quest Diagnostics        $74.13  $125.56 
 47.36  LH    Laboratory Corp.         $78.00  $114.94 
 -3.39  CDWC  CDW Computer Ctrs        $66.38   $64.13 
-25.86  NSIT  Insight Enterprises      $58.00   $43.00 
 15.07  LMS   Lamson & Sessions        $17.00   $19.56 
-13.88  ADCT  ADC Telecom.             $41.88   $36.06 
-18.14  RWY   Rent Way Inc.            $28.94   $23.69 
-28.32  IVX   IVAX Corp.               $42.38   $30.38 
     
-15.49  34.62 Relative Strength - 26 Week return YTD  
 -8.43   1.15 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 32.07  NEWP  Newport Corp.           $112.44  $148.50 
-23.42  RMBS  Rambus Inc.             $109.69   $84.00 
-18.55  AMD   Advanced Micro Dev.      $42.13   $34.31 
  5.06  SFA   Scientific Atlanta       $75.31   $79.13 
-37.33  TECH  Techne Corp.            $148.00   $92.75 
 35.37  SDLI  SDL Inc.                $294.00  $398.00 
 15.07  LMS   Lamson & Sessions        $17.00   $19.56 
 -3.45  ROG   Rogers Corp.             $36.25   $35.00 
 34.95  PMCS  PMC-Sierra              $178.13  $240.38 
-28.32  IVX   IVAX Corp.               $42.38   $30.38 
     
  6.11  12.22 Spark return YTD  
  5.50   5.28 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 23.16  EMC   EMC Corp.                $77.19   $95.06 
 -4.83  ERICY Ericsson ADR             $20.69   $19.69 
 -0.54  TXN   Texas Instruments        $69.00   $68.63 
 13.30  GLW   Corning Inc.            $274.38  $310.88 
 -3.61  JDSU  JDS Uniphase            $128.19  $123.56 
  2.46  PHG   Koninklijke Philips NV   $48.19   $49.38 
-13.88  ADCT  ADC Telecom.             $41.88   $36.06 
 13.78  SEBL  Siebel Systems          $164.63  $187.31 
 18.11  ADI   Analog Devices           $80.06   $94.56 
  4.84  XLNX  Xilinx Inc.              $85.19   $89.31 
     
 27.53  21.37 Unemotional Growth return YTD  
  2.55   3.48 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-13.88  ADCT  ADC Telecom.             $41.88   $36.06 
 -3.61  JDSU  JDS Uniphase            $128.19  $123.56 
 25.43  NTAP  Network Appliance        $82.81  $103.88 
  8.18  ORCL  Oracle Corp.             $80.19   $86.75 
 -3.39  CDWC  CDW Computer Ctrs        $66.38   $64.13 
-25.86  NSIT  Insight Enterprises      $58.00   $43.00 
 57.66  MCRL  Micrel Inc.              $45.31   $71.44 
 -7.45  RFMD  RF Micro Devices         $45.85   $42.44 
 -1.62  DY    Dycom Inds.              $46.31   $45.56 
 -0.66  SFP   Salton, Inc.             $37.75   $37.50 
     
  4.36  SPY   S&P500 Trust (Spider)   $147.28  $151.78 
  4.22  QQQ   Nasdaq 100 Index Trust   $95.13   $98.75