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 9, 2000

Semi-annual Reinvest/Rebalance   
5 stock/10 stock   
103.08  42.83 PEG26  
 40.22  24.79 Relative Strength - 13 Week  
 37.09  41.41 Formula 90            
 30.86  39.49 PEG13  
 17.31  -8.33 Keystone 100  
 10.79   0.87 Unemotional Growth  
    -3.52     S&P500 Trust (Spider)    
 -4.40  52.66 Relative Strength - IBD  
-12.00  -3.13 Plowback  
-12.07 -11.57 Keystone EPS  
   -12.86     Nasdaq 100 Index Trust   
-13.24 -11.57 Keystone  
-13.79  -5.75 Spark   
-27.95  15.01 Relative Strength - 26 Week  
     
 37.09  41.41 Formula 90 return YTD Cost Basis 
 -1.27   8.20 Return since rebalance   7/3/00    Now
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  5.25  SDLI  SDL Inc.                $294.00  $309.44 
 32.85  NEWP  Newport Corp.           $112.44  $149.38 
 21.72  SEBL  Siebel Systems           $82.31  $100.19 
-30.66  TECH  Techne Corp.            $148.00  $102.63 
-35.52  ADCT  ADC Telecom.             $41.88   $27.00 
-27.01  JDSU  JDS Uniphase            $128.19   $93.56 
 44.91  NTAP  Network Appliance        $82.81  $120.00 
 67.96  ITWO  i2 Technologies         $103.00  $173.00 
  6.70  PMCS  PMC-Sierra              $178.13  $190.06 
 -4.23  PLXS  Plexus Corp.             $59.13   $56.63 
     
-13.24 -11.57 Keystone return YTD  
 -9.20 -16.98 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-35.52  ADCT  ADC Telecom.             $41.88   $27.00 
-55.96  MU    Micron Technology        $90.25   $39.75 
  1.69  GLW   Corning Inc.             $91.46   $93.00 
 21.72  SEBL  Siebel Systems           $82.31  $100.19 
 22.06  ENE   Enron Corp.              $68.00   $83.00 
-42.92  INTC  Intel Corp.              $68.44   $39.06 
-16.76  ORCL  Oracle Corp.             $80.19   $66.75 
-27.01  JDSU  JDS Uniphase            $128.19   $93.56 
-39.77  AMAT  Applied Materials        $92.56   $55.75 
  2.71  MER   Merrill Lynch & Co.      $57.75   $59.31 
     
-12.07 -11.57 Keystone EPS return YTD  
-11.18 -16.98 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-35.52  ADCT  ADC Telecom.             $41.88   $27.00 
 21.72  SEBL  Siebel Systems           $82.31  $100.19 
  1.69  GLW   Corning Inc.             $91.46   $93.00 
-27.01  JDSU  JDS Uniphase            $128.19   $93.56 
-16.76  ORCL  Oracle Corp.             $80.19   $66.75 
-55.96  MU    Micron Technology        $90.25   $39.75 
  2.71  MER   Merrill Lynch & Co.      $57.75   $59.31 
 22.06  ENE   Enron Corp.              $68.00   $83.00 
-42.92  INTC  Intel Corp.              $68.44   $39.06 
-39.77  AMAT  Applied Materials        $92.56   $55.75 
     
 17.31  -8.33 Keystone 100 return YTD  
-15.52 -18.31 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-34.93  RMBS  Rambus Inc.             $109.69   $71.38 
-46.88  AMD   Advanced Micro Dev.      $42.13   $22.38 
 29.02  CIEN  Ciena Corp.              $85.50  $110.31 
-30.04  SFA   Scientific Atlanta       $75.31   $52.69 
  5.25  SDLI  SDL Inc.                $294.00  $309.44 
  6.70  PMCS  PMC-Sierra              $178.13  $190.06 
-35.52  ADCT  ADC Telecom.             $41.88   $27.00 
-55.96  MU    Micron Technology        $90.25   $39.75 
  1.69  GLW   Corning Inc.             $91.46   $93.00 
-22.47  ALTR  Altera Corp.             $52.72   $40.88 
     
 30.86  39.49 PEG13 return YTD  
 28.34   2.06 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 66.38  CMX   Caremark RX               $7.25   $12.06 
 -9.76  AZR   Aztar Corp.              $15.38   $13.88 
 -1.51  RWY   Rent Way Inc.            $28.94   $28.50 
 64.42  DGX   Quest Diagnostics        $74.13  $121.88 
 22.18  CAH   Cardinal Health          $73.81   $90.19 
-42.46  NSIT  Insight Enterprises      $38.67   $22.25 
-20.65  ADAC  ADAC Labs.               $24.81   $19.69 
-20.15  CDWC  CDW Computer Ctrs        $66.38   $53.00 
-35.52  ADCT  ADC Telecom.             $41.88   $27.00 
 -2.37  ALA   Alcatel ADR              $65.81   $64.25 
     
103.08  42.83 PEG26 return YTD  
 33.45   6.16 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-27.17  VSH   Vishay Intertechnology   $39.56   $28.81 
 14.25  OCA   Orthodontic Centers      $23.69   $27.06 
-23.62  IRF   Int'l Rectifier          $59.00   $45.06 
 64.42  DGX   Quest Diagnostics        $74.13  $121.88 
139.36  IMPH  IMPATH Inc.              $27.16   $65.00 
-20.65  ADAC  ADAC Labs.               $24.81   $19.69 
  3.09  ALO   ALPHARMA Inc.            $60.69   $62.56 
-35.52  ADCT  ADC Telecom.             $41.88   $27.00 
-22.47  ALTR  Altera Corp.             $52.72   $40.88 
-30.04  SFA   Scientific Atlanta       $75.31   $52.69 
     
-12.00  -3.13 Plowback return YTD  
 -7.43  -3.65 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  6.70  PMCS  PMC-Sierra              $178.13  $190.06 
-16.76  ORCL  Oracle Corp.             $80.19   $66.75 
 -8.78  PFE   Pfizer, Inc.             $47.69   $43.50 
 -2.07  RTRSY Reuters ADR             $108.63  $106.38 
-16.27  LLY   Lilly (Eli)              $98.75   $82.69 
 19.57  VRTS  VERITAS Software        $110.81  $132.50 
 -2.54  Q     Qwest Communic.          $51.75   $50.44 
 -2.28  MWD   Morgan S. Dean Witter    $85.00   $83.06 
 -6.32  SGP   Schering-Plough          $50.44   $47.25 
 -7.76  AMGN  Amgen                    $68.50   $63.19 
     
 -4.40  52.66 Relative Strength - IBD return YTD  
 -1.15  10.32 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  5.25  SDLI  SDL Inc.                $294.00  $309.44 
 32.85  NEWP  Newport Corp.           $112.44  $149.38 
-34.93  RMBS  Rambus Inc.             $109.69   $71.38 
 21.72  SEBL  Siebel Systems           $82.31  $100.19 
-30.66  TECH  Techne Corp.            $148.00  $102.63 
 58.61  BEAS  BEA Systems              $48.63   $77.13 
-35.52  ADCT  ADC Telecom.             $41.88   $27.00 
-27.01  JDSU  JDS Uniphase            $128.19   $93.56 
 44.91  NTAP  Network Appliance        $82.81  $120.00 
 67.96  ITWO  i2 Technologies         $103.00  $173.00 
     
 40.22  24.79 Relative Strength - 13 Week return YTD  
 18.25  -1.66 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 32.85  NEWP  Newport Corp.           $112.44  $149.38 
-30.66  TECH  Techne Corp.            $148.00  $102.63 
 64.42  DGX   Quest Diagnostics        $74.13  $121.88 
 44.79  LH    Laboratory Corp.         $78.00  $112.94 
-20.15  CDWC  CDW Computer Ctrs        $66.38   $53.00 
-42.46  NSIT  Insight Enterprises      $38.67   $22.25 
-40.44  LMS   Lamson & Sessions        $17.00   $10.13 
-35.52  ADCT  ADC Telecom.             $41.88   $27.00 
 -1.51  RWY   Rent Way Inc.            $28.94   $28.50 
 12.09  IVX   IVAX Corp.               $42.38   $47.50 
     
-27.95  15.01 Relative Strength - 26 Week return YTD  
-21.93 -13.59 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 32.85  NEWP  Newport Corp.           $112.44  $149.38 
-34.93  RMBS  Rambus Inc.             $109.69   $71.38 
-46.88  AMD   Advanced Micro Dev.      $42.13   $22.38 
-30.04  SFA   Scientific Atlanta       $75.31   $52.69 
-30.66  TECH  Techne Corp.            $148.00  $102.63 
  5.25  SDLI  SDL Inc.                $294.00  $309.44 
-40.44  LMS   Lamson & Sessions        $17.00   $10.13 
 -9.83  ROG   Rogers Corp.             $36.25   $32.69 
  6.70  PMCS  PMC-Sierra              $178.13  $190.06 
 12.09  IVX   IVAX Corp.               $42.38   $47.50 
     
-13.79  -5.75 Spark return YTD  
-14.29 -11.58 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 16.11  EMC   EMC Corp.                $77.19   $89.63 
-27.79  ERICY Ericsson ADR             $20.69   $14.94 
-34.42  TXN   Texas Instruments        $69.00   $45.25 
  1.69  GLW   Corning Inc.             $91.46   $93.00 
-27.01  JDSU  JDS Uniphase            $128.19   $93.56 
-20.88  PHG   Koninklijke Philips NV   $48.19   $38.13 
-35.52  ADCT  ADC Telecom.             $41.88   $27.00 
 21.72  SEBL  Siebel Systems           $82.31  $100.19 
 -2.58  ADI   Analog Devices           $80.06   $78.00 
 -7.12  XLNX  Xilinx Inc.              $85.19   $79.13 
     
 10.79   0.87 Unemotional Growth return YTD  
-10.91 -14.00 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-35.52  ADCT  ADC Telecom.             $41.88   $27.00 
-27.01  JDSU  JDS Uniphase            $128.19   $93.56 
 44.91  NTAP  Network Appliance        $82.81  $120.00 
-16.76  ORCL  Oracle Corp.             $80.19   $66.75 
-20.15  CDWC  CDW Computer Ctrs        $66.38   $53.00 
-42.46  NSIT  Insight Enterprises      $38.67   $22.25 
 31.03  MCRL  Micrel Inc.              $45.31   $59.38 
-37.30  RFMD  RF Micro Devices         $45.85   $28.75 
-13.09  DY    Dycom Inds.              $46.31   $40.25 
-23.68  SFP   Salton, Inc.             $37.75   $28.81 
     
 -3.52  SPY   S&P500 Trust (Spider)   $147.28  $140.31 
-12.86  QQQ   Nasdaq 100 Index Trust   $95.13   $82.56