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 11, 2000

Semi-annual Reinvest/Rebalance   
5 stock/10 stock   
104.84  51.27 PEG26  
 51.94  42.45 Relative Strength - 13 Week  
 37.35  43.72 Formula 90            
 29.24   5.91 Keystone 100  
 29.18  23.99 Unemotional Growth  
 23.78  49.43 PEG13  
     2.71     S&P500 Trust (Spider)    
 -1.95   4.20 Spark   
    -2.34     Nasdaq 100 Index Trust   
 -4.34   4.48 Keystone EPS  
 -5.63  47.64 Relative Strength - IBD  
 -6.03   4.48 Keystone  
 -8.58  -0.33 Plowback  
-20.24  31.25 Relative Strength - 26 Week  
     
 37.35  43.72 Formula 90 return YTD Cost Basis 
 -1.08   9.96 Return since rebalance   7/3/00    Now
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 16.99  SDLI  SDL Inc.                $294.00  $343.94 
 28.46  NEWP  Newport Corp.           $112.44  $144.44 
  7.37  SEBL  Siebel Systems           $82.31   $88.38 
-37.16  TECH  Techne Corp.            $148.00   $93.00 
-21.04  ADCT  ADC Telecom.             $41.88   $33.06 
-14.38  JDSU  JDS Uniphase            $128.19  $109.75 
 33.51  NTAP  Network Appliance        $82.81  $110.56 
 53.52  ITWO  i2 Technologies         $103.00  $158.13 
 17.05  PMCS  PMC-Sierra              $178.13  $208.50 
 15.33  PLXS  Plexus Corp.             $59.13   $68.19 
     
 -6.03   4.48 Keystone return YTD  
 -1.67  -1.91 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-21.04  ADCT  ADC Telecom.             $41.88   $33.06 
-28.25  MU    Micron Technology        $90.25   $64.75 
  7.13  GLW   Corning Inc.            $274.38  $293.94 
  7.37  SEBL  Siebel Systems           $82.31   $88.38 
 26.47  ENE   Enron Corp.              $68.00   $86.00 
 -5.48  INTC  Intel Corp.              $68.44   $64.69 
  4.05  ORCL  Oracle Corp.             $80.19   $83.44 
-14.38  JDSU  JDS Uniphase            $128.19  $109.75 
-18.77  AMAT  Applied Materials        $92.56   $75.19 
 23.81  MER   Merrill Lynch & Co.      $57.75   $71.50 
     
 -4.34   4.48 Keystone EPS return YTD  
 -3.38  -1.91 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-21.04  ADCT  ADC Telecom.             $41.88   $33.06 
  7.37  SEBL  Siebel Systems           $82.31   $88.38 
  7.13  GLW   Corning Inc.            $274.38  $293.94 
-14.38  JDSU  JDS Uniphase            $128.19  $109.75 
  4.05  ORCL  Oracle Corp.             $80.19   $83.44 
-28.25  MU    Micron Technology        $90.25   $64.75 
 23.81  MER   Merrill Lynch & Co.      $57.75   $71.50 
 26.47  ENE   Enron Corp.              $68.00   $86.00 
 -5.48  INTC  Intel Corp.              $68.44   $64.69 
-18.77  AMAT  Applied Materials        $92.56   $75.19 
     
 29.24   5.91 Keystone 100 return YTD  
 -6.92  -5.62 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-27.75  RMBS  Rambus Inc.             $109.69   $79.25 
-23.74  AMD   Advanced Micro Dev.      $42.13   $32.13 
  7.60  CIEN  Ciena Corp.             $171.00  $184.00 
 -7.72  SFA   Scientific Atlanta       $75.31   $69.50 
 16.99  SDLI  SDL Inc.                $294.00  $343.94 
 17.05  PMCS  PMC-Sierra              $178.13  $208.50 
-21.04  ADCT  ADC Telecom.             $41.88   $33.06 
-28.25  MU    Micron Technology        $90.25   $64.75 
  7.13  GLW   Corning Inc.            $274.38  $293.94 
  3.50  ALTR  Altera Corp.             $52.72   $54.56 
     
 23.78  49.43 PEG13 return YTD  
 21.40   9.33 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 37.07  CMX   Caremark RX               $7.25    $9.94 
 -2.44  AZR   Aztar Corp.              $15.38   $15.00 
 -9.72  RWY   Rent Way Inc.            $28.94   $26.13 
 69.65  DGX   Quest Diagnostics        $74.13  $125.75 
 12.45  CAH   Cardinal Health          $73.81   $83.00 
-13.04  NSIT  Insight Enterprises      $58.00   $50.44 
-11.59  ADAC  ADAC Labs.               $24.81   $21.94 
 17.23  CDWC  CDW Computer Ctrs        $66.38   $77.81 
-21.04  ADCT  ADC Telecom.             $41.88   $33.06 
 14.72  ALA   Alcatel ADR              $65.81   $75.50 
     
104.84  51.27 PEG26 return YTD  
 34.60  12.44 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 -6.32  VSH   Vishay Intertechnology   $39.56   $37.06 
 42.22  OCA   Orthodontic Centers      $23.69   $33.69 
  9.11  IRF   Int'l Rectifier          $59.00   $64.38 
 69.65  DGX   Quest Diagnostics        $74.13  $125.75 
 58.34  IMPH  IMPATH Inc.              $27.16   $43.00 
-11.59  ADAC  ADAC Labs.               $24.81   $21.94 
-11.74  ALO   ALPHARMA Inc.            $60.69   $53.56 
-21.04  ADCT  ADC Telecom.             $41.88   $33.06 
  3.50  ALTR  Altera Corp.             $52.72   $54.56 
 -7.72  SFA   Scientific Atlanta       $75.31   $69.50 
     
 -8.58  -0.33 Plowback return YTD  
 -3.84  -0.87 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 17.05  PMCS  PMC-Sierra              $178.13  $208.50 
  4.05  ORCL  Oracle Corp.             $80.19   $83.44 
-15.47  PFE   Pfizer, Inc.             $47.69   $40.31 
  4.26  RTRSY Reuters ADR             $108.63  $113.25 
-29.11  LLY   Lilly (Eli)              $98.75   $70.00 
  1.13  VRTS  VERITAS Software        $110.81  $112.06 
 -6.76  Q     Qwest Communic.          $51.75   $48.25 
 28.90  MWD   Morgan S. Dean Witter    $85.00  $109.56 
-17.84  SGP   Schering-Plough          $50.44   $41.44 
  5.11  AMGN  Amgen                    $68.50   $72.00 
     
 -5.63  47.64 Relative Strength - IBD return YTD  
 -2.42   6.69 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 16.99  SDLI  SDL Inc.                $294.00  $343.94 
 28.46  NEWP  Newport Corp.           $112.44  $144.44 
-27.75  RMBS  Rambus Inc.             $109.69   $79.25 
  7.37  SEBL  Siebel Systems           $82.31   $88.38 
-37.16  TECH  Techne Corp.            $148.00   $93.00 
 27.38  BEAS  BEA Systems              $48.63   $61.94 
-21.04  ADCT  ADC Telecom.             $41.88   $33.06 
-14.38  JDSU  JDS Uniphase            $128.19  $109.75 
 33.51  NTAP  Network Appliance        $82.81  $110.56 
 53.52  ITWO  i2 Technologies         $103.00  $158.13 
     
 51.94  42.45 Relative Strength - 13 Week return YTD  
 28.14  12.25 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 28.46  NEWP  Newport Corp.           $112.44  $144.44 
-37.16  TECH  Techne Corp.            $148.00   $93.00 
 69.65  DGX   Quest Diagnostics        $74.13  $125.75 
 62.50  LH    Laboratory Corp.         $78.00  $126.75 
 17.23  CDWC  CDW Computer Ctrs        $66.38   $77.81 
-13.04  NSIT  Insight Enterprises      $58.00   $50.44 
 31.25  LMS   Lamson & Sessions        $17.00   $22.31 
-21.04  ADCT  ADC Telecom.             $41.88   $33.06 
 -9.72  RWY   Rent Way Inc.            $28.94   $26.13 
 -5.60  IVX   IVAX Corp.               $42.38   $40.00 
     
-20.24  31.25 Relative Strength - 26 Week return YTD  
-13.58  -1.39 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 28.46  NEWP  Newport Corp.           $112.44  $144.44 
-27.75  RMBS  Rambus Inc.             $109.69   $79.25 
-23.74  AMD   Advanced Micro Dev.      $42.13   $32.13 
 -7.72  SFA   Scientific Atlanta       $75.31   $69.50 
-37.16  TECH  Techne Corp.            $148.00   $93.00 
 16.99  SDLI  SDL Inc.                $294.00  $343.94 
 31.25  LMS   Lamson & Sessions        $17.00   $22.31 
 -5.69  ROG   Rogers Corp.             $36.25   $34.19 
 17.05  PMCS  PMC-Sierra              $178.13  $208.50 
 -5.60  IVX   IVAX Corp.               $42.38   $40.00 
     
 -1.95   4.20 Spark return YTD  
 -2.51  -2.24 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 22.43  EMC   EMC Corp.                $77.19   $94.50 
-10.88  ERICY Ericsson ADR             $20.69   $18.44 
-16.85  TXN   Texas Instruments        $69.00   $57.38 
  7.13  GLW   Corning Inc.            $274.38  $293.94 
-14.38  JDSU  JDS Uniphase            $128.19  $109.75 
 -7.26  PHG   Koninklijke Philips NV   $48.19   $44.69 
-21.04  ADCT  ADC Telecom.             $41.88   $33.06 
  7.37  SEBL  Siebel Systems           $82.31   $88.38 
 11.16  ADI   Analog Devices           $80.06   $89.00 
 -0.07  XLNX  Xilinx Inc.              $85.19   $85.13 
     
 29.18  23.99 Unemotional Growth return YTD  
  3.87   5.71 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-21.04  ADCT  ADC Telecom.             $41.88   $33.06 
-14.38  JDSU  JDS Uniphase            $128.19  $109.75 
 33.51  NTAP  Network Appliance        $82.81  $110.56 
  4.05  ORCL  Oracle Corp.             $80.19   $83.44 
 17.23  CDWC  CDW Computer Ctrs        $66.38   $77.81 
-13.04  NSIT  Insight Enterprises      $58.00   $50.44 
 57.52  MCRL  Micrel Inc.              $45.31   $71.38 
-16.03  RFMD  RF Micro Devices         $45.85   $38.50 
 12.28  DY    Dycom Inds.              $46.31   $52.00 
 -2.98  SFP   Salton, Inc.             $37.75   $36.63 
     
  2.71  SPY   S&P500 Trust (Spider)   $147.28  $149.38 
 -2.34  QQQ   Nasdaq 100 Index Trust   $95.13   $92.53