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 25, 2000

Semi-annual Reinvest/Rebalance   
5 stock/10 stock   
109.06  49.81 PEG26  
 55.05  60.67 Formula 90            
 49.98  35.48 Relative Strength - 13 Week  
 35.12   5.67 Keystone 100  
 30.19  17.76 Unemotional Growth  
 25.28  44.40 PEG13  
  7.79  67.41 Relative Strength - IBD  
 -0.04  -0.36 Keystone EPS  
    -0.74     S&P500 Trust (Spider)    
 -2.16   4.87 Spark   
 -4.47  -0.36 Keystone  
    -4.55     Nasdaq 100 Index Trust   
 -5.45   1.91 Plowback  
-16.44  29.74 Relative Strength - 26 Week  
     
 55.05  60.67 Formula 90 return YTD Cost Basis 
 11.67  22.94 Return since rebalance   7/3/00    Now
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 18.37  SDLI  SDL Inc.                $294.00  $348.00 
 60.03  NEWP  Newport Corp.           $112.44  $179.94 
 30.90  SEBL  Siebel Systems           $82.31  $107.75 
-26.35  TECH  Techne Corp.            $148.00  $109.00 
-24.63  ADCT  ADC Telecom.             $41.88   $31.56 
-16.67  JDSU  JDS Uniphase            $128.19  $106.81 
 57.51  NTAP  Network Appliance        $82.81  $130.44 
 77.31  ITWO  i2 Technologies         $103.00  $182.63 
 22.67  PMCS  PMC-Sierra              $178.13  $218.50 
 30.23  PLXS  Plexus Corp.             $59.13   $77.00 
     
 -4.47  -0.36 Keystone return YTD  
 -0.03  -6.45 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-24.63  ADCT  ADC Telecom.             $41.88   $31.56 
-47.65  MU    Micron Technology        $90.25   $47.25 
 17.04  GLW   Corning Inc.            $274.38  $321.13 
 30.90  SEBL  Siebel Systems           $82.31  $107.75 
 24.17  ENE   Enron Corp.              $68.00   $84.44 
-33.70  INTC  Intel Corp.              $68.44   $45.38 
 -1.79  ORCL  Oracle Corp.             $80.19   $78.75 
-16.67  JDSU  JDS Uniphase            $128.19  $106.81 
-27.14  AMAT  Applied Materials        $92.56   $67.44 
 14.94  MER   Merrill Lynch & Co.      $57.75   $66.38 
     
 -0.04  -0.36 Keystone EPS return YTD  
  0.97  -6.45 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-24.63  ADCT  ADC Telecom.             $41.88   $31.56 
 30.90  SEBL  Siebel Systems           $82.31  $107.75 
 17.04  GLW   Corning Inc.            $274.38  $321.13 
-16.67  JDSU  JDS Uniphase            $128.19  $106.81 
 -1.79  ORCL  Oracle Corp.             $80.19   $78.75 
-47.65  MU    Micron Technology        $90.25   $47.25 
 14.94  MER   Merrill Lynch & Co.      $57.75   $66.38 
 24.17  ENE   Enron Corp.              $68.00   $84.44 
-33.70  INTC  Intel Corp.              $68.44   $45.38 
-27.14  AMAT  Applied Materials        $92.56   $67.44 
     
 35.12   5.67 Keystone 100 return YTD  
 -2.69  -5.84 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-25.70  RMBS  Rambus Inc.             $109.69   $81.50 
-38.28  AMD   Advanced Micro Dev.      $42.13   $26.00 
 49.20  CIEN  Ciena Corp.              $85.50  $127.56 
-17.01  SFA   Scientific Atlanta       $75.31   $62.50 
 18.37  SDLI  SDL Inc.                $294.00  $348.00 
 22.67  PMCS  PMC-Sierra              $178.13  $218.50 
-24.63  ADCT  ADC Telecom.             $41.88   $31.56 
-47.65  MU    Micron Technology        $90.25   $47.25 
 17.04  GLW   Corning Inc.            $274.38  $321.13 
-12.39  ALTR  Altera Corp.             $52.72   $46.19 
     
 25.28  44.40 PEG13 return YTD  
 22.88   5.65 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 44.83  CMX   Caremark RX               $7.25   $10.50 
 -4.88  AZR   Aztar Corp.              $15.38   $14.63 
  3.24  RWY   Rent Way Inc.            $28.94   $29.88 
 45.62  DGX   Quest Diagnostics        $74.13  $107.94 
 25.57  CAH   Cardinal Health          $73.81   $92.69 
-31.51  NSIT  Insight Enterprises      $38.67   $26.48 
-17.88  ADAC  ADAC Labs.               $24.81   $20.38 
  9.04  CDWC  CDW Computer Ctrs        $66.38   $72.38 
-24.63  ADCT  ADC Telecom.             $41.88   $31.56 
  7.12  ALA   Alcatel ADR              $65.81   $70.50 
     
109.06  49.81 PEG26 return YTD  
 37.37  11.35 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-18.33  VSH   Vishay Intertechnology   $39.56   $32.31 
 44.06  OCA   Orthodontic Centers      $23.69   $34.13 
 -9.11  IRF   Int'l Rectifier          $59.00   $53.63 
 45.62  DGX   Quest Diagnostics        $74.13  $107.94 
124.63  IMPH  IMPATH Inc.              $27.16   $61.00 
-17.88  ADAC  ADAC Labs.               $24.81   $20.38 
 -1.44  ALO   ALPHARMA Inc.            $60.69   $59.81 
-24.63  ADCT  ADC Telecom.             $41.88   $31.56 
-12.39  ALTR  Altera Corp.             $52.72   $46.19 
-17.01  SFA   Scientific Atlanta       $75.31   $62.50 
     
 -5.45   1.91 Plowback return YTD  
 -0.55   1.36 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 22.67  PMCS  PMC-Sierra              $178.13  $218.50 
 -1.79  ORCL  Oracle Corp.             $80.19   $78.75 
 -7.47  PFE   Pfizer, Inc.             $47.69   $44.13 
  0.00  RTRSY Reuters ADR             $108.63  $108.63 
-16.14  LLY   Lilly (Eli)              $98.75   $82.81 
 22.39  VRTS  VERITAS Software        $110.81  $135.63 
 -5.92  Q     Qwest Communic.          $51.75   $48.69 
  8.75  MWD   Morgan S. Dean Witter    $85.00   $92.44 
-10.66  SGP   Schering-Plough          $50.44   $45.06 
  1.73  AMGN  Amgen                    $68.50   $69.69 
     
  7.79  67.41 Relative Strength - IBD return YTD  
 11.45  20.98 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 18.37  SDLI  SDL Inc.                $294.00  $348.00 
 60.03  NEWP  Newport Corp.           $112.44  $179.94 
-25.70  RMBS  Rambus Inc.             $109.69   $81.50 
 30.90  SEBL  Siebel Systems           $82.31  $107.75 
-26.35  TECH  Techne Corp.            $148.00  $109.00 
 59.00  BEAS  BEA Systems              $48.63   $77.31 
-24.63  ADCT  ADC Telecom.             $41.88   $31.56 
-16.67  JDSU  JDS Uniphase            $128.19  $106.81 
 57.51  NTAP  Network Appliance        $82.81  $130.44 
 77.31  ITWO  i2 Technologies         $103.00  $182.63 
     
 49.98  35.48 Relative Strength - 13 Week return YTD  
 26.48   6.76 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 60.03  NEWP  Newport Corp.           $112.44  $179.94 
-26.35  TECH  Techne Corp.            $148.00  $109.00 
 45.62  DGX   Quest Diagnostics        $74.13  $107.94 
 44.07  LH    Laboratory Corp.         $78.00  $112.38 
  9.04  CDWC  CDW Computer Ctrs        $66.38   $72.38 
-31.51  NSIT  Insight Enterprises      $38.67   $26.48 
-16.91  LMS   Lamson & Sessions        $17.00   $14.13 
-24.63  ADCT  ADC Telecom.             $41.88   $31.56 
  3.24  RWY   Rent Way Inc.            $28.94   $29.88 
  5.01  IVX   IVAX Corp.               $42.38   $44.50 
     
-16.44  29.74 Relative Strength - 26 Week return YTD  
 -9.46  -2.52 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 60.03  NEWP  Newport Corp.           $112.44  $179.94 
-25.70  RMBS  Rambus Inc.             $109.69   $81.50 
-38.28  AMD   Advanced Micro Dev.      $42.13   $26.00 
-17.01  SFA   Scientific Atlanta       $75.31   $62.50 
-26.35  TECH  Techne Corp.            $148.00  $109.00 
 18.37  SDLI  SDL Inc.                $294.00  $348.00 
-16.91  LMS   Lamson & Sessions        $17.00   $14.13 
 -7.07  ROG   Rogers Corp.             $36.25   $33.69 
 22.67  PMCS  PMC-Sierra              $178.13  $218.50 
  5.01  IVX   IVAX Corp.               $42.38   $44.50 
     
 -2.16   4.87 Spark return YTD  
 -2.72  -1.62 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 31.01  EMC   EMC Corp.                $77.19  $101.13 
-19.64  ERICY Ericsson ADR             $20.69   $16.63 
-25.36  TXN   Texas Instruments        $69.00   $51.50 
 17.04  GLW   Corning Inc.            $274.38  $321.13 
-16.67  JDSU  JDS Uniphase            $128.19  $106.81 
-11.80  PHG   Koninklijke Philips NV   $48.19   $42.50 
-24.63  ADCT  ADC Telecom.             $41.88   $31.56 
 30.90  SEBL  Siebel Systems           $82.31  $107.75 
 11.79  ADI   Analog Devices           $80.06   $89.50 
 -8.80  XLNX  Xilinx Inc.              $85.19   $77.69 
     
 30.19  17.76 Unemotional Growth return YTD  
  4.69   0.40 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-24.63  ADCT  ADC Telecom.             $41.88   $31.56 
-16.67  JDSU  JDS Uniphase            $128.19  $106.81 
 57.51  NTAP  Network Appliance        $82.81  $130.44 
 -1.79  ORCL  Oracle Corp.             $80.19   $78.75 
  9.04  CDWC  CDW Computer Ctrs        $66.38   $72.38 
-31.51  NSIT  Insight Enterprises      $38.67   $26.48 
 47.17  MCRL  Micrel Inc.              $45.31   $66.69 
-27.07  RFMD  RF Micro Devices         $45.85   $33.44 
  4.99  DY    Dycom Inds.              $46.31   $48.63 
-13.08  SFP   Salton, Inc.             $37.75   $32.81 
     
 -0.74  SPY   S&P500 Trust (Spider)   $147.28  $144.36 
 -4.55  QQQ   Nasdaq 100 Index Trust   $95.13   $90.44