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 October 2, 2000

Semi-annual Reinvest/Rebalance   
5 stock/10 stock    
 99.90  45.23 PEG26  
 51.60  31.23 Relative Strength - 13 Week  
 42.09  47.46 Formula 90            
 29.86  41.50 PEG13  
 26.62  -0.95 Keystone 100  
 18.38   8.48 Unemotional Growth  
  1.04  56.53 Relative Strength - IBD  
    -1.16     S&P500 Trust (Spider)    
 -5.40   1.29 Plowback  
 -7.88  -6.47 Keystone EPS  
    -8.71     Nasdaq 100 Index Trust   
 -9.14  -0.15 Spark   
-10.02  -6.47 Keystone  
-19.36  20.83 Relative Strength - 26 Week  
     
 42.09  47.46 Formula 90 return YTD Cost Basis 
  2.33  12.83 Return since rebalance   7/3/00    Now
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 -0.36  SDLI  SDL Inc.                $294.00  $292.94 
 45.53  NEWP  Newport Corp.           $112.44  $163.63 
 24.53  SEBL  Siebel Systems           $82.31  $102.50 
-22.97  TECH  Techne Corp.            $148.00  $114.00 
-35.07  ADCT  ADC Telecom.             $41.88   $27.19 
-29.84  JDSU  JDS Uniphase            $128.19   $89.94 
 47.55  NTAP  Network Appliance        $82.81  $122.19 
 64.93  ITWO  i2 Technologies         $103.00  $169.88 
 19.44  PMCS  PMC-Sierra              $178.13  $212.75 
 14.59  PLXS  Plexus Corp.             $59.13   $67.75 
     
-10.02  -6.47 Keystone return YTD  
 -5.84 -12.19 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-35.07  ADCT  ADC Telecom.             $41.88   $27.19 
-53.19  MU    Micron Technology        $90.25   $42.25 
  7.43  GLW   Corning Inc.            $274.38  $294.75 
 24.53  SEBL  Siebel Systems           $82.31  $102.50 
 27.11  ENE   Enron Corp.              $68.00   $86.44 
-41.37  INTC  Intel Corp.              $68.44   $40.13 
 -1.79  ORCL  Oracle Corp.             $80.19   $78.75 
-29.84  JDSU  JDS Uniphase            $128.19   $89.94 
-38.76  AMAT  Applied Materials        $92.56   $56.69 
 19.05  MER   Merrill Lynch & Co.      $57.75   $68.75 
     
 -7.88  -6.47 Keystone EPS return YTD  
 -6.95 -12.19 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-35.07  ADCT  ADC Telecom.             $41.88   $27.19 
 24.53  SEBL  Siebel Systems           $82.31  $102.50 
  7.43  GLW   Corning Inc.            $274.38  $294.75 
-29.84  JDSU  JDS Uniphase            $128.19   $89.94 
 -1.79  ORCL  Oracle Corp.             $80.19   $78.75 
-53.19  MU    Micron Technology        $90.25   $42.25 
 19.05  MER   Merrill Lynch & Co.      $57.75   $68.75 
 27.11  ENE   Enron Corp.              $68.00   $86.44 
-41.37  INTC  Intel Corp.              $68.44   $40.13 
-38.76  AMAT  Applied Materials        $92.56   $56.69 
     
 26.62  -0.95 Keystone 100 return YTD  
 -8.81 -11.74 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-24.33  RMBS  Rambus Inc.             $109.69   $83.00 
-45.40  AMD   Advanced Micro Dev.      $42.13   $23.00 
 41.96  CIEN  Ciena Corp.              $85.50  $121.38 
-15.93  SFA   Scientific Atlanta       $75.31   $63.31 
 -0.36  SDLI  SDL Inc.                $294.00  $292.94 
 19.44  PMCS  PMC-Sierra              $178.13  $212.75 
-35.07  ADCT  ADC Telecom.             $41.88   $27.19 
-53.19  MU    Micron Technology        $90.25   $42.25 
  7.43  GLW   Corning Inc.            $274.38  $294.75 
-11.91  ALTR  Altera Corp.             $52.72   $46.44 
     
 29.86  41.50 PEG13 return YTD  
 27.36   3.53 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 50.86  CMX   Caremark RX               $7.25   $10.94 
 -0.81  AZR   Aztar Corp.              $15.38   $15.25 
  3.46  RWY   Rent Way Inc.            $28.94   $29.94 
 60.03  DGX   Quest Diagnostics        $74.13  $118.63 
 23.29  CAH   Cardinal Health          $73.81   $91.00 
-37.93  NSIT  Insight Enterprises      $38.67   $24.00 
-19.90  ADAC  ADAC Labs.               $24.81   $19.88 
 -4.90  CDWC  CDW Computer Ctrs        $66.38   $63.13 
-35.07  ADCT  ADC Telecom.             $41.88   $27.19 
 -3.70  ALA   Alcatel ADR              $65.81   $63.38 
     
 99.90  45.23 PEG26 return YTD  
 31.35   7.95 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-23.38  VSH   Vishay Intertechnology   $39.56   $30.31 
 38.52  OCA   Orthodontic Centers      $23.69   $32.81 
-21.40  IRF   Int'l Rectifier          $59.00   $46.38 
 60.03  DGX   Quest Diagnostics        $74.13  $118.63 
102.99  IMPH  IMPATH Inc.              $27.16   $55.13 
-19.90  ADAC  ADAC Labs.               $24.81   $19.88 
  5.56  ALO   ALPHARMA Inc.            $60.69   $64.06 
-35.07  ADCT  ADC Telecom.             $41.88   $27.19 
-11.91  ALTR  Altera Corp.             $52.72   $46.44 
-15.93  SFA   Scientific Atlanta       $75.31   $63.31 
     
 -5.40   1.29 Plowback return YTD  
 -0.50   0.75 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 19.44  PMCS  PMC-Sierra              $178.13  $212.75 
 -1.79  ORCL  Oracle Corp.             $80.19   $78.75 
 -7.21  PFE   Pfizer, Inc.             $47.69   $44.25 
  5.18  RTRSY Reuters ADR             $108.63  $114.25 
-18.10  LLY   Lilly (Eli)              $98.75   $80.88 
 26.23  VRTS  VERITAS Software        $110.81  $139.88 
 -9.42  Q     Qwest Communic.          $51.75   $46.88 
  6.47  MWD   Morgan S. Dean Witter    $85.00   $90.50 
 -9.29  SGP   Schering-Plough          $50.44   $45.75 
 -4.01  AMGN  Amgen                    $68.50   $65.75 
     
  1.04  56.53 Relative Strength - IBD return YTD  
  4.48  13.11 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 -0.36  SDLI  SDL Inc.                $294.00  $292.94 
 45.53  NEWP  Newport Corp.           $112.44  $163.63 
-24.33  RMBS  Rambus Inc.             $109.69   $83.00 
 24.53  SEBL  Siebel Systems           $82.31  $102.50 
-22.97  TECH  Techne Corp.            $148.00  $114.00 
 61.18  BEAS  BEA Systems              $48.63   $78.38 
-35.07  ADCT  ADC Telecom.             $41.88   $27.19 
-29.84  JDSU  JDS Uniphase            $128.19   $89.94 
 47.55  NTAP  Network Appliance        $82.81  $122.19 
 64.93  ITWO  i2 Technologies         $103.00  $169.88 
     
 51.60  31.23 Relative Strength - 13 Week return YTD  
 27.85   3.42 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 45.53  NEWP  Newport Corp.           $112.44  $163.63 
-22.97  TECH  Techne Corp.            $148.00  $114.00 
 60.03  DGX   Quest Diagnostics        $74.13  $118.63 
 61.54  LH    Laboratory Corp.         $78.00  $126.00 
 -4.90  CDWC  CDW Computer Ctrs        $66.38   $63.13 
-37.93  NSIT  Insight Enterprises      $38.67   $24.00 
-39.34  LMS   Lamson & Sessions        $17.00   $10.31 
-35.07  ADCT  ADC Telecom.             $41.88   $27.19 
  3.46  RWY   Rent Way Inc.            $28.94   $29.94 
  3.81  IVX   IVAX Corp.               $42.38   $43.99 
     
-19.36  20.83 Relative Strength - 26 Week return YTD  
-12.62  -9.21 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 45.53  NEWP  Newport Corp.           $112.44  $163.63 
-24.33  RMBS  Rambus Inc.             $109.69   $83.00 
-45.40  AMD   Advanced Micro Dev.      $42.13   $23.00 
-15.93  SFA   Scientific Atlanta       $75.31   $63.31 
-22.97  TECH  Techne Corp.            $148.00  $114.00 
 -0.36  SDLI  SDL Inc.                $294.00  $292.94 
-39.34  LMS   Lamson & Sessions        $17.00   $10.31 
-12.59  ROG   Rogers Corp.             $36.25   $31.69 
 19.44  PMCS  PMC-Sierra              $178.13  $212.75 
  3.81  IVX   IVAX Corp.               $42.38   $43.99 
     
 -9.14  -0.15 Spark return YTD  
 -9.66  -6.32 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 28.42  EMC   EMC Corp.                $77.19   $99.13 
-26.59  ERICY Ericsson ADR             $20.69   $15.19 
-27.72  TXN   Texas Instruments        $69.00   $49.88 
  7.43  GLW   Corning Inc.            $274.38  $294.75 
-29.84  JDSU  JDS Uniphase            $128.19   $89.94 
-11.67  PHG   Koninklijke Philips NV   $48.19   $42.56 
-35.07  ADCT  ADC Telecom.             $41.88   $27.19 
 24.53  SEBL  Siebel Systems           $82.31  $102.50 
  5.00  ADI   Analog Devices           $80.06   $84.06 
  2.27  XLNX  Xilinx Inc.              $85.19   $87.13 
     
 18.38   8.48 Unemotional Growth return YTD  
 -4.81  -7.52 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-35.07  ADCT  ADC Telecom.             $41.88   $27.19 
-29.84  JDSU  JDS Uniphase            $128.19   $89.94 
 47.55  NTAP  Network Appliance        $82.81  $122.19 
 -1.79  ORCL  Oracle Corp.             $80.19   $78.75 
 -4.90  CDWC  CDW Computer Ctrs        $66.38   $63.13 
-37.93  NSIT  Insight Enterprises      $38.67   $24.00 
 45.52  MCRL  Micrel Inc.              $45.31   $65.94 
-34.44  RFMD  RF Micro Devices         $45.85   $30.06 
 -8.37  DY    Dycom Inds.              $46.31   $42.44 
-15.89  SFP   Salton, Inc.             $37.75   $31.75 
     
 -1.16  SPY   S&P500 Trust (Spider)   $147.28  $143.75 
 -8.71  QQQ   Nasdaq 100 Index Trust   $95.13   $86.50