Workshop Returns -- Monthly Strategies

Some Workshop strategies perform best when renewed monthly. Below we show the returns for each Workshop strategy assuming that the strategy has been rebalanced each month. The original set of stocks was selected on Friday, 12/31/99, and purchased the following Monday 1/3/2000. The portfolios were then rebalanced based on the Rankings published on the last Friday of each month using purchase prices based on the closing price the following Monday (or next market trading day).

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. In addition we show the Year-To-Date Return for each strategy which includes the compounded returns since the 12/31/99 and the Return Since Rebalance which is the return for the stocks shown since the rebalance date (whether the stock was purchased then or was held over from the previous period).

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 16, 2000

Monthly Reinvest/Rebalance    
5 stock/10 stock   
 93.83  86.82 Formula 90            
 57.97  54.87 PEG26  
 53.40  75.69 Relative Strength - IBD  
 48.28  49.14 Relative Strength - 26 Week  
 26.45  20.80 PEG13  
  4.36  11.13 Unemotional Growth  
 -1.11 -10.01 Plowback  
 -2.54   2.50 Keystone EPS  
 -3.92  18.70 Keystone 100  
    -4.98     S&P500 Trust (Spider)    
 -5.05  21.94 Relative Strength - 13 Week  
 -6.22   2.50 Keystone  
   -13.85     Nasdaq 100 Index Trust   
-24.60 -22.08 Spark   
     
 93.83  86.82 Formula 90 return YTD Cost Basis 
  2.04   0.96 Return since rebalance  10/2/00    Now
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  8.35  ITWO  i2 Technologies         $169.88  $184.06 
 -6.91  NEWP  Newport Corp.           $163.63  $152.31 
  5.30  KEI   Keithley Instruments     $72.00   $75.81 
 -5.86  MERQ  Mercury Interactive     $151.44  $142.56 
  9.31  NTAP  Network Appliance       $122.19  $133.56 
 -7.75  PLXS  Plexus Corp.             $67.75   $62.50 
 12.86  DGX   Quest Diagnostics       $118.63  $133.88 
  1.10  SEBL  Siebel Systems          $102.50  $103.63 
 15.87  IMPH  IMPATH Inc.              $55.13   $63.88 
-22.67  RMBS  Rambus Inc.              $83.00   $64.19 
     
 -6.22   2.50 Keystone return YTD  
  3.86   3.02 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 11.37  CIEN  Ciena Corp.             $121.38  $135.17 
  1.10  SEBL  Siebel Systems          $102.50  $103.63 
  2.99  BA    Boeing                   $58.44   $60.19 
  3.80  MO    Philip Morris            $29.63   $30.75 
  0.06  GLW   Corning Inc.             $98.25   $98.31 
 -2.46  EMC   EMC Corp.                $99.13   $96.69 
  8.08  WAG   Walgreen Co.             $37.13   $40.13 
-12.42  MMC   Marsh & McLennan        $131.88  $115.50 
  9.31  NTAP  Network Appliance       $122.19  $133.56 
  8.35  ITWO  i2 Technologies         $169.88  $184.06 
     
 -2.54   2.50 Keystone EPS return YTD  
  2.77   3.02 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  1.10  SEBL  Siebel Systems          $102.50  $103.63 
  3.80  MO    Philip Morris            $29.63   $30.75 
  0.06  GLW   Corning Inc.             $98.25   $98.31 
 -2.46  EMC   EMC Corp.                $99.13   $96.69 
 11.37  CIEN  Ciena Corp.             $121.38  $135.17 
  2.99  BA    Boeing                   $58.44   $60.19 
  9.31  NTAP  Network Appliance       $122.19  $133.56 
  8.35  ITWO  i2 Technologies         $169.88  $184.06 
  8.08  WAG   Walgreen Co.             $37.13   $40.13 
-12.42  MMC   Marsh & McLennan        $131.88  $115.50 
     
 -3.92  18.70 Keystone 100 return YTD  
 -2.05  -3.82 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 -1.54  IDTI  Integrated Device        $89.44   $88.06 
 -0.82  AZA   ALZA Corp.               $84.00   $83.31 
-10.74  ACL   ACE Limited              $39.00   $34.81 
 -1.17  CAH   Cardinal Health          $91.00   $89.94 
  3.99  BEAS  BEA Systems              $78.38   $81.50 
 11.37  CIEN  Ciena Corp.             $121.38  $135.17 
-18.11  WAT   Waters Corp.             $88.69   $72.63 
-16.37  AES   AES Corp.                $70.63   $59.06 
 -5.86  MERQ  Mercury Interactive     $151.44  $142.56 
  1.10  SEBL  Siebel Systems          $102.50  $103.63 
     
 26.45  20.80 PEG13 return YTD  
  1.57   6.60 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  6.86  CMX   Caremark RX              $10.94   $11.69 
 -1.54  IDTI  Integrated Device        $89.44   $88.06 
-13.31  RCOT  Recoton Corp.            $16.44   $14.25 
  2.99  BA    Boeing                   $58.44   $60.19 
 12.86  DGX   Quest Diagnostics       $118.63  $133.88 
  2.52  CRUS  Cirrus Logic             $39.75   $40.75 
  1.48  ALSI  Advantage Learning       $33.75   $34.25 
 15.87  IMPH  IMPATH Inc.              $55.13   $63.88 
  9.82  CERN  Cerner Corp.             $48.38   $53.13 
 28.48  PSFT  PeopleSoft               $27.88   $35.81 
     
 57.97  54.87 PEG26 return YTD  
  3.85   1.72 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 -4.24  LMS   Lamson & Sessions        $10.31    $9.88 
  6.86  CMX   Caremark RX              $10.94   $11.69 
 -1.54  IDTI  Integrated Device        $89.44   $88.06 
  5.30  KEI   Keithley Instruments     $72.00   $75.81 
 12.86  DGX   Quest Diagnostics       $118.63  $133.88 
-14.16  CDWC  CDW Computer Ctrs        $63.13   $54.19 
  2.52  CRUS  Cirrus Logic             $39.75   $40.75 
  1.48  ALSI  Advantage Learning       $33.75   $34.25 
 15.87  IMPH  IMPATH Inc.              $55.13   $63.88 
 -7.75  PLXS  Plexus Corp.             $67.75   $62.50 
     
 -1.11 -10.01 Plowback return YTD  
  2.08  -4.86 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 -7.71  PVN   Providian Fin'l         $127.25  $117.44 
 11.05  LLY   Lilly (Eli)              $80.88   $89.81 
 -4.24  KR    Kroger Co.               $22.13   $21.19 
 12.57  SGP   Schering-Plough          $45.75   $51.50 
 -1.27  PFE   Pfizer, Inc.             $44.25   $43.69 
-11.78  PMCS  PMC-Sierra              $212.75  $187.69 
 -2.95  AMGN  Amgen                    $65.75   $63.81 
-24.41  GDT   Guidant Corp.            $68.38   $51.69 
-14.16  MWD   Morgan S. Dean Witter    $90.50   $77.69 
 -5.68  IBM   Int'l Business Mach.    $117.81  $111.13 
     
 53.40  75.69 Relative Strength - IBD return YTD  
  0.97   3.62 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  8.35  ITWO  i2 Technologies         $169.88  $184.06 
 -6.91  NEWP  Newport Corp.           $163.63  $152.31 
  5.30  KEI   Keithley Instruments     $72.00   $75.81 
  3.99  BEAS  BEA Systems              $78.38   $81.50 
 -5.86  MERQ  Mercury Interactive     $151.44  $142.56 
  9.31  NTAP  Network Appliance       $122.19  $133.56 
 -7.75  PLXS  Plexus Corp.             $67.75   $62.50 
 12.86  DGX   Quest Diagnostics       $118.63  $133.88 
  1.10  SEBL  Siebel Systems          $102.50  $103.63 
 15.87  IMPH  IMPATH Inc.              $55.13   $63.88 
     
 -5.05  21.94 Relative Strength - 13 Week return YTD  
  2.78   2.13 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  2.52  CRUS  Cirrus Logic             $39.75   $40.75 
 15.87  IMPH  IMPATH Inc.              $55.13   $63.88 
  2.20  PCP   Precision Castparts      $36.94   $37.75 
-15.03  DP    Diagnostic Products      $59.88   $50.88 
  8.35  ITWO  i2 Technologies         $169.88  $184.06 
  3.99  BEAS  BEA Systems              $78.38   $81.50 
  0.71  OO    Oakley Inc.              $17.69   $17.81 
 12.86  DGX   Quest Diagnostics       $118.63  $133.88 
 -3.22  LH    Laboratory Corp.        $126.00  $121.94 
 -6.91  NEWP  Newport Corp.           $163.63  $152.31 
     
 48.28  49.14 Relative Strength - 26 Week return YTD  
  4.78  -0.42 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 -6.91  NEWP  Newport Corp.           $163.63  $152.31 
 12.86  DGX   Quest Diagnostics       $118.63  $133.88 
 -3.22  LH    Laboratory Corp.        $126.00  $121.94 
 15.87  IMPH  IMPATH Inc.              $55.13   $63.88 
  5.30  KEI   Keithley Instruments     $72.00   $75.81 
-15.03  DP    Diagnostic Products      $59.88   $50.88 
 -1.54  IDTI  Integrated Device        $89.44   $88.06 
 -7.75  PLXS  Plexus Corp.             $67.75   $62.50 
-10.54  OXHP  Oxford Health Plans      $31.44   $28.13 
  6.82  MND   Mitchell Energy 'A'      $46.75   $49.94 
     
-24.60 -22.08 Spark return YTD  
  3.27  -2.06 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 -2.46  EMC   EMC Corp.                $99.13   $96.69 
  0.06  GLW   Corning Inc.             $98.25   $98.31 
  1.10  SEBL  Siebel Systems          $102.50  $103.63 
  9.31  NTAP  Network Appliance       $122.19  $133.56 
  8.35  ITWO  i2 Technologies         $169.88  $184.06 
  3.99  BEAS  BEA Systems              $78.38   $81.50 
 -3.94  BBDB.TO Bombardier Inc. 'B'    $25.40   $24.40 
 -3.75  KSS   Kohl's Corp.             $56.63   $54.50 
-13.00  ADBE  Adobe Systems           $163.00  $141.81 
-20.25  LEH   Lehman Bros. Holdings   $153.69  $122.56 
     
  4.36  11.13 Unemotional Growth return YTD  
 -9.81 -10.01 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 -5.86  MERQ  Mercury Interactive     $151.44  $142.56 
  9.31  NTAP  Network Appliance       $122.19  $133.56 
-22.67  RMBS  Rambus Inc.              $83.00   $64.19 
-22.82  MCRL  Micrel Inc.              $65.94   $50.89 
 -7.04  PHCC  Priority Health.         $71.94   $66.88 
-14.16  CDWC  CDW Computer Ctrs        $63.13   $54.19 
-13.89  FLEX  Flextronics Int'l        $82.00   $70.61 
  0.00  SANM  Sanmina Corp.            $96.31   $96.31 
-10.78  MNMD  MiniMed Inc.             $87.00   $77.63 
-12.22  ORCL  Oracle Corp.             $39.38   $34.56 
     
 -4.98  SPY   S&P500 Trust (Spider)   $143.75  $138.19 
-13.85  QQQ   Nasdaq 100 Index Trust   $86.50   $81.63