Sold Positions as of  Sunday, February 20, 2000

We try to maintain 200 stocks maximum in our active portfolios. Therefore, occasionally, we must trim down our list of active stocks.

Sold positions are removed from the active portfolios and, heretofore, excluded from the calculations used to determine our active averages, active portfolio gains, etc. Note: These portfolio gains are about 3 months old at the time of sale...

Nov 1-15 Stocks (30 Picks)

Total $ Return: +82.49

All positions sold on Feb 18, 2000

87% (26 stocks) were Winners

13% (4 Stocks) were Losers

Average Gain/Loss For All 30 Stocks: +86.6%

Average Gain For 26 Winning Stocks: +104.2%

Average Loss For 4 Losing Stocks: -27.7%

Biggest Gainer - RZYM +352.2%

...

Oct 16-31 Stocks (10 Picks)

Total $ Return: +62.18

All positions sold on Feb 9, 2000

80% (8 stocks) were Winners

20% (2 Stocks) were Losers

Average Gain/Loss For All 10 Stocks: +52.6%

Average Gain For 8 Winning Stocks: +76.5%

Average Loss For 2 Stocks: -43.0%

Biggest Gainer - INRS +140.0%