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 September 5, 2000

Semi-annual Reinvest/Rebalance   
5 stock/10 stock   
 98.77  51.36 PEG26  
 54.50  43.49 Relative Strength - 13 Week  
 51.18  57.36 Formula 90            
 40.27  17.23 Keystone 100  
 35.77  30.10 Unemotional Growth  
 25.12  53.16 PEG13  
  7.20  14.11 Spark   
  5.82  13.47 Keystone EPS  
     5.15     Nasdaq 100 Index Trust   
     4.00     S&P500 Trust (Spider)    
  3.42  13.47 Keystone  
  1.51  59.87 Relative Strength - IBD  
 -2.10   3.99 Plowback  
-16.45  36.56 Relative Strength - 26 Week  
     
 51.18  57.36 Formula 90 return YTD Cost Basis 
  8.88  20.40 Return since rebalance   7/3/00    Now
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 31.02  SDLI  SDL Inc.                $294.00  $385.19 
 39.52  NEWP  Newport Corp.           $112.44  $156.88 
 18.30  SEBL  Siebel Systems          $164.63  $194.75 
-34.46  TECH  Techne Corp.            $148.00   $97.00 
-10.00  ADCT  ADC Telecom.             $41.88   $37.69 
 -6.87  JDSU  JDS Uniphase            $128.19  $119.38 
 36.38  NTAP  Network Appliance        $82.81  $112.94 
 70.13  ITWO  i2 Technologies         $103.00  $175.23 
 31.16  PMCS  PMC-Sierra              $178.13  $233.63 
 28.86  PLXS  Plexus Corp.             $59.13   $76.19 
     
  3.42  13.47 Keystone return YTD  
  8.23   6.52 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-10.00  ADCT  ADC Telecom.             $41.88   $37.69 
-13.09  MU    Micron Technology        $90.25   $78.44 
 19.45  GLW   Corning Inc.            $274.38  $327.75 
 18.30  SEBL  Siebel Systems          $164.63  $194.75 
 26.47  ENE   Enron Corp.              $68.00   $86.00 
  1.19  INTC  Intel Corp.              $68.44   $69.25 
 13.56  ORCL  Oracle Corp.             $80.19   $91.06 
 -6.87  JDSU  JDS Uniphase            $128.19  $119.38 
 -8.78  AMAT  Applied Materials        $92.56   $84.44 
 25.00  MER   Merrill Lynch & Co.      $57.75   $72.19 
     
  5.82  13.47 Keystone EPS return YTD  
  6.89   6.52 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-10.00  ADCT  ADC Telecom.             $41.88   $37.69 
 18.30  SEBL  Siebel Systems          $164.63  $194.75 
 19.45  GLW   Corning Inc.            $274.38  $327.75 
 -6.87  JDSU  JDS Uniphase            $128.19  $119.38 
 13.56  ORCL  Oracle Corp.             $80.19   $91.06 
-13.09  MU    Micron Technology        $90.25   $78.44 
 25.00  MER   Merrill Lynch & Co.      $57.75   $72.19 
 26.47  ENE   Enron Corp.              $68.00   $86.00 
  1.19  INTC  Intel Corp.              $68.44   $69.25 
 -8.78  AMAT  Applied Materials        $92.56   $84.44 
     
 40.27  17.23 Keystone 100 return YTD  
  1.02   4.47 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-29.57  RMBS  Rambus Inc.             $109.69   $77.25 
-17.95  AMD   Advanced Micro Dev.      $42.13   $34.56 
 26.51  CIEN  Ciena Corp.             $171.00  $216.33 
 -4.90  SFA   Scientific Atlanta       $75.31   $71.63 
 31.02  SDLI  SDL Inc.                $294.00  $385.19 
 31.16  PMCS  PMC-Sierra              $178.13  $233.63 
-10.00  ADCT  ADC Telecom.             $41.88   $37.69 
-13.09  MU    Micron Technology        $90.25   $78.44 
 19.45  GLW   Corning Inc.            $274.38  $327.75 
 12.03  ALTR  Altera Corp.             $52.72   $59.06 
     
 25.12  53.16 PEG13 return YTD  
 22.71  12.06 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 38.79  CMX   Caremark RX               $7.25   $10.06 
 -3.66  AZR   Aztar Corp.              $15.38   $14.81 
-10.58  RWY   Rent Way Inc.            $28.94   $25.88 
 74.70  DGX   Quest Diagnostics        $74.13  $129.50 
 14.31  CAH   Cardinal Health          $73.81   $84.38 
-10.67  NSIT  Insight Enterprises      $58.00   $51.81 
-11.34  ADAC  ADAC Labs.               $24.81   $22.00 
 12.81  CDWC  CDW Computer Ctrs        $66.38   $74.88 
-10.00  ADCT  ADC Telecom.             $41.88   $37.69 
 26.21  ALA   Alcatel ADR              $65.81   $83.06 
     
 98.77  51.36 PEG26 return YTD  
 30.61  12.51 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  1.11  VSH   Vishay Intertechnology   $39.56   $40.00 
 42.74  OCA   Orthodontic Centers      $23.69   $33.81 
  4.24  IRF   Int'l Rectifier          $59.00   $61.50 
 74.70  DGX   Quest Diagnostics        $74.13  $129.50 
 30.26  IMPH  IMPATH Inc.              $27.16   $35.38 
-11.34  ADAC  ADAC Labs.               $24.81   $22.00 
-13.80  ALO   ALPHARMA Inc.            $60.69   $52.31 
-10.00  ADCT  ADC Telecom.             $41.88   $37.69 
 12.03  ALTR  Altera Corp.             $52.72   $59.06 
 -4.90  SFA   Scientific Atlanta       $75.31   $71.63 
     
 -2.10   3.99 Plowback return YTD  
  2.98   3.43 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 31.16  PMCS  PMC-Sierra              $178.13  $233.63 
 13.56  ORCL  Oracle Corp.             $80.19   $91.06 
-14.42  PFE   Pfizer, Inc.             $47.69   $40.81 
 13.69  RTRSY Reuters ADR             $108.63  $123.50 
-29.11  LLY   Lilly (Eli)              $98.75   $70.00 
  9.98  VRTS  VERITAS Software        $110.81  $121.88 
 -0.48  Q     Qwest Communic.          $51.75   $51.50 
 25.66  MWD   Morgan S. Dean Witter    $85.00  $106.81 
-21.56  SGP   Schering-Plough          $50.44   $39.56 
  5.84  AMGN  Amgen                    $68.50   $72.50 
     
  1.51  59.87 Relative Strength - IBD return YTD  
  4.96  15.53 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 31.02  SDLI  SDL Inc.                $294.00  $385.19 
 39.52  NEWP  Newport Corp.           $112.44  $156.88 
-29.57  RMBS  Rambus Inc.             $109.69   $77.25 
 18.30  SEBL  Siebel Systems          $164.63  $194.75 
-34.46  TECH  Techne Corp.            $148.00   $97.00 
 40.87  BEAS  BEA Systems              $48.63   $68.50 
-10.00  ADCT  ADC Telecom.             $41.88   $37.69 
 -6.87  JDSU  JDS Uniphase            $128.19  $119.38 
 36.38  NTAP  Network Appliance        $82.81  $112.94 
 70.13  ITWO  i2 Technologies         $103.00  $175.23 
     
 54.50  43.49 Relative Strength - 13 Week return YTD  
 30.29  13.07 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 39.52  NEWP  Newport Corp.           $112.44  $156.88 
-34.46  TECH  Techne Corp.            $148.00   $97.00 
 74.70  DGX   Quest Diagnostics        $74.13  $129.50 
 58.89  LH    Laboratory Corp.         $78.00  $123.94 
 12.81  CDWC  CDW Computer Ctrs        $66.38   $74.88 
-10.67  NSIT  Insight Enterprises      $58.00   $51.81 
 36.76  LMS   Lamson & Sessions        $17.00   $23.25 
-10.00  ADCT  ADC Telecom.             $41.88   $37.69 
-10.58  RWY   Rent Way Inc.            $28.94   $25.88 
-26.25  IVX   IVAX Corp.               $42.38   $31.25 
     
-16.45  36.56 Relative Strength - 26 Week return YTD  
 -9.47   2.60 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 39.52  NEWP  Newport Corp.           $112.44  $156.88 
-29.57  RMBS  Rambus Inc.             $109.69   $77.25 
-17.95  AMD   Advanced Micro Dev.      $42.13   $34.56 
 -4.90  SFA   Scientific Atlanta       $75.31   $71.63 
-34.46  TECH  Techne Corp.            $148.00   $97.00 
 31.02  SDLI  SDL Inc.                $294.00  $385.19 
 36.76  LMS   Lamson & Sessions        $17.00   $23.25 
  0.69  ROG   Rogers Corp.             $36.25   $36.50 
 31.16  PMCS  PMC-Sierra              $178.13  $233.63 
-26.25  IVX   IVAX Corp.               $42.38   $31.25 
     
  7.20  14.11 Spark return YTD  
  6.58   7.05 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 25.51  EMC   EMC Corp.                $77.19   $96.88 
 -0.91  ERICY Ericsson ADR             $20.69   $20.50 
 -4.26  TXN   Texas Instruments        $69.00   $66.06 
 19.45  GLW   Corning Inc.            $274.38  $327.75 
 -6.87  JDSU  JDS Uniphase            $128.19  $119.38 
  4.54  PHG   Koninklijke Philips NV   $48.19   $50.38 
-10.00  ADCT  ADC Telecom.             $41.88   $37.69 
 18.30  SEBL  Siebel Systems          $164.63  $194.75 
 20.22  ADI   Analog Devices           $80.06   $96.25 
  4.55  XLNX  Xilinx Inc.              $85.19   $89.06 
     
 35.77  30.10 Unemotional Growth return YTD  
  9.17  10.92 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-10.00  ADCT  ADC Telecom.             $41.88   $37.69 
 -6.87  JDSU  JDS Uniphase            $128.19  $119.38 
 36.38  NTAP  Network Appliance        $82.81  $112.94 
 13.56  ORCL  Oracle Corp.             $80.19   $91.06 
 12.81  CDWC  CDW Computer Ctrs        $66.38   $74.88 
-10.67  NSIT  Insight Enterprises      $58.00   $51.81 
 65.52  MCRL  Micrel Inc.              $45.31   $75.00 
-10.04  RFMD  RF Micro Devices         $45.85   $41.25 
 12.55  DY    Dycom Inds.              $46.31   $52.13 
  5.96  SFP   Salton, Inc.             $37.75   $40.00 
     
  4.00  SPY   S&P500 Trust (Spider)   $147.28  $151.25 
  5.15  QQQ   Nasdaq 100 Index Trust   $95.13   $99.63