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 16, 2000

Semi-annual Reinvest/Rebalance   
5 stock/10 stock   
104.40  37.79 PEG26  
 48.02  27.18 Relative Strength - 13 Week  
 38.66  46.91 Formula 90            
 30.10  35.70 PEG13  
 22.23  -8.49 Keystone 100  
 16.00   0.80 Unemotional Growth  
 -4.40  57.63 Relative Strength - IBD  
    -4.98     S&P500 Trust (Spider)    
 -9.55 -12.90 Keystone EPS  
-10.52  -0.91 Plowback  
-11.21  -6.64 Spark   
-13.63 -12.90 Keystone  
   -13.85     Nasdaq 100 Index Trust   
-29.24  12.27 Relative Strength - 26 Week  
     
 38.66  46.91 Formula 90 return YTD Cost Basis 
 -0.14  12.40 Return since rebalance   7/3/00    Now
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  4.27  SDLI  SDL Inc.                $294.00  $306.56 
 35.46  NEWP  Newport Corp.           $112.44  $152.31 
 25.89  SEBL  Siebel Systems           $82.31  $103.63 
-29.90  TECH  Techne Corp.            $148.00  $103.75 
-36.42  ADCT  ADC Telecom.             $41.88   $26.63 
-26.33  JDSU  JDS Uniphase            $128.19   $94.44 
 61.28  NTAP  Network Appliance        $82.81  $133.56 
 78.70  ITWO  i2 Technologies         $103.00  $184.06 
  5.37  PMCS  PMC-Sierra              $178.13  $187.69 
  5.71  PLXS  Plexus Corp.             $59.13   $62.50 
     
-13.63 -12.90 Keystone return YTD  
 -9.61 -18.23 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-36.42  ADCT  ADC Telecom.             $41.88   $26.63 
-62.67  MU    Micron Technology        $90.25   $33.69 
  7.49  GLW   Corning Inc.             $91.46   $98.31 
 25.89  SEBL  Siebel Systems           $82.31  $103.63 
 17.65  ENE   Enron Corp.              $68.00   $80.00 
-47.85  INTC  Intel Corp.              $68.44   $35.69 
-13.80  ORCL  Oracle Corp.             $40.09   $34.56 
-26.33  JDSU  JDS Uniphase            $128.19   $94.44 
-47.33  AMAT  Applied Materials        $92.56   $48.75 
  1.08  MER   Merrill Lynch & Co.      $57.75   $58.38 
     
 -9.55 -12.90 Keystone EPS return YTD  
 -8.63 -18.23 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-36.42  ADCT  ADC Telecom.             $41.88   $26.63 
 25.89  SEBL  Siebel Systems           $82.31  $103.63 
  7.49  GLW   Corning Inc.             $91.46   $98.31 
-26.33  JDSU  JDS Uniphase            $128.19   $94.44 
-13.80  ORCL  Oracle Corp.             $40.09   $34.56 
-62.67  MU    Micron Technology        $90.25   $33.69 
  1.08  MER   Merrill Lynch & Co.      $57.75   $58.38 
 17.65  ENE   Enron Corp.              $68.00   $80.00 
-47.85  INTC  Intel Corp.              $68.44   $35.69 
-47.33  AMAT  Applied Materials        $92.56   $48.75 
     
 22.23  -8.49 Keystone 100 return YTD  
-11.97 -18.46 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-41.48  RMBS  Rambus Inc.             $109.69   $64.19 
-51.63  AMD   Advanced Micro Dev.      $42.13   $20.38 
 58.10  CIEN  Ciena Corp.              $85.50  $135.17 
-29.13  SFA   Scientific Atlanta       $75.31   $53.38 
  4.27  SDLI  SDL Inc.                $294.00  $306.56 
  5.37  PMCS  PMC-Sierra              $178.13  $187.69 
-36.42  ADCT  ADC Telecom.             $41.88   $26.63 
-62.67  MU    Micron Technology        $90.25   $33.69 
  7.49  GLW   Corning Inc.             $91.46   $98.31 
-38.47  ALTR  Altera Corp.             $52.72   $32.44 
     
 30.10  35.70 PEG13 return YTD  
 27.60  -0.72 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 61.21  CMX   Caremark RX               $7.25   $11.69 
-14.63  AZR   Aztar Corp.              $15.38   $13.13 
-11.02  RWY   Rent Way Inc.            $28.94   $25.75 
 80.61  DGX   Quest Diagnostics        $74.13  $133.88 
 21.85  CAH   Cardinal Health          $73.81   $89.94 
-40.03  NSIT  Insight Enterprises      $38.67   $23.19 
-49.87  ADAC  ADAC Labs.               $24.81   $12.44 
-18.36  CDWC  CDW Computer Ctrs        $66.38   $54.19 
-36.42  ADCT  ADC Telecom.             $41.88   $26.63 
 -0.47  ALA   Alcatel ADR              $65.81   $65.50 
     
104.40  37.79 PEG26 return YTD  
 34.31   2.42 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-31.12  VSH   Vishay Intertechnology   $39.56   $27.25 
 13.98  OCA   Orthodontic Centers      $23.69   $27.00 
-27.12  IRF   Int'l Rectifier          $59.00   $43.00 
 80.61  DGX   Quest Diagnostics        $74.13  $133.88 
135.21  IMPH  IMPATH Inc.              $27.16   $63.88 
-49.87  ADAC  ADAC Labs.               $24.81   $12.44 
  6.49  ALO   ALPHARMA Inc.            $60.69   $64.63 
-36.42  ADCT  ADC Telecom.             $41.88   $26.63 
-38.47  ALTR  Altera Corp.             $52.72   $32.44 
-29.13  SFA   Scientific Atlanta       $75.31   $53.38 
     
-10.52  -0.91 Plowback return YTD  
 -5.88  -1.45 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  5.37  PMCS  PMC-Sierra              $178.13  $187.69 
-13.80  ORCL  Oracle Corp.             $40.09   $34.56 
 -8.39  PFE   Pfizer, Inc.             $47.69   $43.69 
 -3.51  RTRSY Reuters ADR             $108.63  $104.81 
 -9.05  LLY   Lilly (Eli)              $98.75   $89.81 
 35.60  VRTS  VERITAS Software        $110.81  $150.27 
 -7.37  Q     Qwest Communic.          $51.75   $47.94 
 -8.60  MWD   Morgan S. Dean Witter    $85.00   $77.69 
  2.11  SGP   Schering-Plough          $50.44   $51.50 
 -6.84  AMGN  Amgen                    $68.50   $63.81 
     
 -4.40  57.63 Relative Strength - IBD return YTD  
 -1.15  13.91 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
  4.27  SDLI  SDL Inc.                $294.00  $306.56 
 35.46  NEWP  Newport Corp.           $112.44  $152.31 
-41.48  RMBS  Rambus Inc.             $109.69   $64.19 
 25.89  SEBL  Siebel Systems           $82.31  $103.63 
-29.90  TECH  Techne Corp.            $148.00  $103.75 
 67.61  BEAS  BEA Systems              $48.63   $81.50 
-36.42  ADCT  ADC Telecom.             $41.88   $26.63 
-26.33  JDSU  JDS Uniphase            $128.19   $94.44 
 61.28  NTAP  Network Appliance        $82.81  $133.56 
 78.70  ITWO  i2 Technologies         $103.00  $184.06 
     
 48.02  27.18 Relative Strength - 13 Week return YTD  
 24.83   0.22 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 35.46  NEWP  Newport Corp.           $112.44  $152.31 
-29.90  TECH  Techne Corp.            $148.00  $103.75 
 80.61  DGX   Quest Diagnostics        $74.13  $133.88 
 56.33  LH    Laboratory Corp.         $78.00  $121.94 
-18.36  CDWC  CDW Computer Ctrs        $66.38   $54.19 
-40.03  NSIT  Insight Enterprises      $38.67   $23.19 
-41.91  LMS   Lamson & Sessions        $17.00    $9.88 
-36.42  ADCT  ADC Telecom.             $41.88   $26.63 
-11.02  RWY   Rent Way Inc.            $28.94   $25.75 
  7.47  IVX   IVAX Corp.               $42.38   $45.54 
     
-29.24  12.27 Relative Strength - 26 Week return YTD  
-23.34 -15.65 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 35.46  NEWP  Newport Corp.           $112.44  $152.31 
-41.48  RMBS  Rambus Inc.             $109.69   $64.19 
-51.63  AMD   Advanced Micro Dev.      $42.13   $20.38 
-29.13  SFA   Scientific Atlanta       $75.31   $53.38 
-29.90  TECH  Techne Corp.            $148.00  $103.75 
  4.27  SDLI  SDL Inc.                $294.00  $306.56 
-41.91  LMS   Lamson & Sessions        $17.00    $9.88 
-15.00  ROG   Rogers Corp.             $36.25   $30.81 
  5.37  PMCS  PMC-Sierra              $178.13  $187.69 
  7.47  IVX   IVAX Corp.               $42.38   $45.54 
     
-11.21  -6.64 Spark return YTD  
-11.72 -12.41 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
 25.26  EMC   EMC Corp.                $77.19   $96.69 
-28.17  ERICY Ericsson ADR             $20.69   $14.86 
-36.87  TXN   Texas Instruments        $69.00   $43.56 
  7.49  GLW   Corning Inc.             $91.46   $98.31 
-26.33  JDSU  JDS Uniphase            $128.19   $94.44 
-22.31  PHG   Koninklijke Philips NV   $48.19   $37.44 
-36.42  ADCT  ADC Telecom.             $41.88   $26.63 
 25.89  SEBL  Siebel Systems           $82.31  $103.63 
-16.55  ADI   Analog Devices           $80.06   $66.81 
-16.14  XLNX  Xilinx Inc.              $85.19   $71.44 
     
 16.00   0.80 Unemotional Growth return YTD  
 -6.72 -14.06 Return since rebalance  
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~    
-36.42  ADCT  ADC Telecom.             $41.88   $26.63 
-26.33  JDSU  JDS Uniphase            $128.19   $94.44 
 61.28  NTAP  Network Appliance        $82.81  $133.56 
-13.80  ORCL  Oracle Corp.             $40.09   $34.56 
-18.36  CDWC  CDW Computer Ctrs        $66.38   $54.19 
-40.03  NSIT  Insight Enterprises      $38.67   $23.19 
 12.31  MCRL  Micrel Inc.              $45.31   $50.89 
-42.48  RFMD  RF Micro Devices         $45.85   $26.38 
 -9.99  DY    Dycom Inds.              $46.31   $41.69 
-26.82  SFP   Salton, Inc.             $37.75   $27.63 
     
 -4.98  SPY   S&P500 Trust (Spider)   $147.28  $138.19 
-13.85  QQQ   Nasdaq 100 Index Trust   $95.13   $81.63