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 18, 2000

Semi-annual Reinvest/Rebalance   
5 stock/10 stock    
 93.17  42.77 PEG26  
 41.30  35.82 Relative Strength - 13 Week  
 39.09  46.03 Formula 90            
 29.97  20.12 Unemotional Growth  
 21.92   0.68 Keystone 100  
 19.93  44.59 PEG13  
    -0.48     S&P500 Trust (Spider)    
 -3.57   1.07 Keystone  
 -3.69   3.31 Spark   
 -4.86   1.07 Keystone EPS  
 -5.10  51.43 Relative Strength - IBD  
    -5.57     Nasdaq 100 Index Trust   
 -9.80  -3.24 Plowback  
-24.52  23.89 Relative Strength - 26 Week  
     
 39.09  46.03 Formula 90 return YTD Cost Basis 
  0.17  11.73 Return since rebalance   7/3/00    Now
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  3.36  SDLI  SDL Inc.                $294.00  $303.88 
 33.48  NEWP  Newport Corp.           $112.44  $150.08 
 22.40  SEBL  Siebel Systems           $82.31  $100.75 
-39.15  TECH  Techne Corp.            $148.00   $90.06 
-19.25  ADCT  ADC Telecom.             $41.88   $33.81 
-23.70  JDSU  JDS Uniphase            $128.19   $97.81 
 51.40  NTAP  Network Appliance        $82.81  $125.38 
 64.50  ITWO  i2 Technologies         $103.00  $169.44 
 13.05  PMCS  PMC-Sierra              $178.13  $201.38 
 11.21  PLXS  Plexus Corp.             $59.13   $65.75 
     
 -3.57   1.07 Keystone return YTD  
  0.91  -5.12 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-19.25  ADCT  ADC Telecom.             $41.88   $33.81 
-35.73  MU    Micron Technology        $90.25   $58.00 
  5.72  GLW   Corning Inc.            $274.38  $290.06 
 22.40  SEBL  Siebel Systems           $82.31  $100.75 
 31.43  ENE   Enron Corp.              $68.00   $89.38 
-18.45  INTC  Intel Corp.              $68.44   $55.81 
 -4.64  ORCL  Oracle Corp.             $80.19   $76.47 
-23.70  JDSU  JDS Uniphase            $128.19   $97.81 
-21.94  AMAT  Applied Materials        $92.56   $72.25 
 12.99  MER   Merrill Lynch & Co.      $57.75   $65.25 
     
 -4.86   1.07 Keystone EPS return YTD  
 -3.89  -5.12 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-19.25  ADCT  ADC Telecom.             $41.88   $33.81 
 22.40  SEBL  Siebel Systems           $82.31  $100.75 
  5.72  GLW   Corning Inc.            $274.38  $290.06 
-23.70  JDSU  JDS Uniphase            $128.19   $97.81 
 -4.64  ORCL  Oracle Corp.             $80.19   $76.47 
-35.73  MU    Micron Technology        $90.25   $58.00 
 12.99  MER   Merrill Lynch & Co.      $57.75   $65.25 
 31.43  ENE   Enron Corp.              $68.00   $89.38 
-18.45  INTC  Intel Corp.              $68.44   $55.81 
-21.94  AMAT  Applied Materials        $92.56   $72.25 
     
 21.92   0.68 Keystone 100 return YTD  
-12.20 -10.28 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-29.47  RMBS  Rambus Inc.             $109.69   $77.36 
-37.83  AMD   Advanced Micro Dev.      $42.13   $26.19 
 21.05  CIEN  Ciena Corp.             $171.00  $207.00 
-18.09  SFA   Scientific Atlanta       $75.31   $61.69 
  3.36  SDLI  SDL Inc.                $294.00  $303.88 
 13.05  PMCS  PMC-Sierra              $178.13  $201.38 
-19.25  ADCT  ADC Telecom.             $41.88   $33.81 
-35.73  MU    Micron Technology        $90.25   $58.00 
  5.72  GLW   Corning Inc.            $274.38  $290.06 
 -5.63  ALTR  Altera Corp.             $52.72   $49.75 
     
 19.93  44.59 PEG13 return YTD  
 17.62   5.79 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 37.93  CMX   Caremark RX               $7.25   $10.00 
 -2.44  AZR   Aztar Corp.              $15.38   $15.00 
 -1.94  RWY   Rent Way Inc.            $28.94   $28.38 
 33.39  DGX   Quest Diagnostics        $74.13   $98.88 
 21.17  CAH   Cardinal Health          $73.81   $89.44 
-18.10  NSIT  Insight Enterprises      $58.00   $47.50 
-21.91  ADAC  ADAC Labs.               $24.81   $19.38 
 18.74  CDWC  CDW Computer Ctrs        $66.38   $78.81 
-19.25  ADCT  ADC Telecom.             $41.88   $33.81 
 10.35  ALA   Alcatel ADR              $65.81   $72.63 
     
 93.17  42.77 PEG26 return YTD  
 26.93   6.12 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-14.22  VSH   Vishay Intertechnology   $39.56   $33.94 
 37.20  OCA   Orthodontic Centers      $23.69   $32.50 
 -7.20  IRF   Int'l Rectifier          $59.00   $54.75 
 33.39  DGX   Quest Diagnostics        $74.13   $98.88 
 85.50  IMPH  IMPATH Inc.              $27.16   $50.38 
-21.91  ADAC  ADAC Labs.               $24.81   $19.38 
 -8.55  ALO   ALPHARMA Inc.            $60.69   $55.50 
-19.25  ADCT  ADC Telecom.             $41.88   $33.81 
 -5.63  ALTR  Altera Corp.             $52.72   $49.75 
-18.09  SFA   Scientific Atlanta       $75.31   $61.69 
     
 -9.80  -3.24 Plowback return YTD  
 -5.13  -3.77 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 13.05  PMCS  PMC-Sierra              $178.13  $201.38 
 -4.64  ORCL  Oracle Corp.             $80.19   $76.47 
-12.19  PFE   Pfizer, Inc.             $47.69   $41.88 
  2.76  RTRSY Reuters ADR             $108.63  $111.63 
-24.62  LLY   Lilly (Eli)              $98.75   $74.44 
  9.53  VRTS  VERITAS Software        $110.81  $121.38 
-12.92  Q     Qwest Communic.          $51.75   $45.06 
 10.44  MWD   Morgan S. Dean Witter    $85.00   $93.88 
-14.25  SGP   Schering-Plough          $50.44   $43.25 
 -4.84  AMGN  Amgen                    $68.50   $65.19 
     
 -5.10  51.43 Relative Strength - IBD return YTD  
 -1.88   9.43 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  3.36  SDLI  SDL Inc.                $294.00  $303.88 
 33.48  NEWP  Newport Corp.           $112.44  $150.08 
-29.47  RMBS  Rambus Inc.             $109.69   $77.36 
 22.40  SEBL  Siebel Systems           $82.31  $100.75 
-39.15  TECH  Techne Corp.            $148.00   $90.06 
 30.72  BEAS  BEA Systems              $48.63   $63.56 
-19.25  ADCT  ADC Telecom.             $41.88   $33.81 
-23.70  JDSU  JDS Uniphase            $128.19   $97.81 
 51.40  NTAP  Network Appliance        $82.81  $125.38 
 64.50  ITWO  i2 Technologies         $103.00  $169.44 
     
 41.30  35.82 Relative Strength - 13 Week return YTD  
 19.16   7.03 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 33.48  NEWP  Newport Corp.           $112.44  $150.08 
-39.15  TECH  Techne Corp.            $148.00   $90.06 
 33.39  DGX   Quest Diagnostics        $74.13   $98.88 
 49.36  LH    Laboratory Corp.         $78.00  $116.50 
 18.74  CDWC  CDW Computer Ctrs        $66.38   $78.81 
-18.10  NSIT  Insight Enterprises      $58.00   $47.50 
 11.40  LMS   Lamson & Sessions        $17.00   $18.94 
-19.25  ADCT  ADC Telecom.             $41.88   $33.81 
 -1.94  RWY   Rent Way Inc.            $28.94   $28.38 
  2.36  IVX   IVAX Corp.               $42.38   $43.38 
     
-24.52  23.89 Relative Strength - 26 Week return YTD  
-18.21  -6.92 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 33.48  NEWP  Newport Corp.           $112.44  $150.08 
-29.47  RMBS  Rambus Inc.             $109.69   $77.36 
-37.83  AMD   Advanced Micro Dev.      $42.13   $26.19 
-18.09  SFA   Scientific Atlanta       $75.31   $61.69 
-39.15  TECH  Techne Corp.            $148.00   $90.06 
  3.36  SDLI  SDL Inc.                $294.00  $303.88 
 11.40  LMS   Lamson & Sessions        $17.00   $18.94 
 -8.28  ROG   Rogers Corp.             $36.25   $33.25 
 13.05  PMCS  PMC-Sierra              $178.13  $201.38 
  2.36  IVX   IVAX Corp.               $42.38   $43.38 
     
 -3.69   3.31 Spark return YTD  
 -4.24  -3.07 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 24.05  EMC   EMC Corp.                $77.19   $95.75 
-12.69  ERICY Ericsson ADR             $20.69   $18.06 
-14.58  TXN   Texas Instruments        $69.00   $58.94 
  5.72  GLW   Corning Inc.            $274.38  $290.06 
-23.70  JDSU  JDS Uniphase            $128.19   $97.81 
 -7.13  PHG   Koninklijke Philips NV   $48.19   $44.75 
-19.25  ADCT  ADC Telecom.             $41.88   $33.81 
 22.40  SEBL  Siebel Systems           $82.31  $100.75 
  4.37  ADI   Analog Devices           $80.06   $83.56 
 -9.90  XLNX  Xilinx Inc.              $85.19   $76.75 
     
 29.97  20.12 Unemotional Growth return YTD  
  4.51   2.41 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-19.25  ADCT  ADC Telecom.             $41.88   $33.81 
-23.70  JDSU  JDS Uniphase            $128.19   $97.81 
 51.40  NTAP  Network Appliance        $82.81  $125.38 
 -4.64  ORCL  Oracle Corp.             $80.19   $76.47 
 18.74  CDWC  CDW Computer Ctrs        $66.38   $78.81 
-18.10  NSIT  Insight Enterprises      $58.00   $47.50 
 45.66  MCRL  Micrel Inc.              $45.31   $66.00 
-25.30  RFMD  RF Micro Devices         $45.85   $34.25 
  6.61  DY    Dycom Inds.              $46.31   $49.38 
 -7.28  SFP   Salton, Inc.             $37.75   $35.00 
     
 -0.48  SPY   S&P500 Trust (Spider)   $147.28  $144.73 
 -5.57  QQQ   Nasdaq 100 Index Trust   $95.13   $89.47