Quarter 4, 2002 --------------------------------------- See statistics after daily data BS = Basic Strategy LR = Low Risk and Basic Strategies SS = Sell Short Strategy date1 = day #1, YYMMDD (opening position) date3 = day #3, YYMMDD (closing position) P1 = stock price on day #1 P3 = stock price on day #3 date1, date3, strategy, ticker, P1, P3, return (%) 021001,021004,LR,AEOS,11.3,11.41,0.9 021001,021004,LR,AFC,11.37,8.45,-25.7 021001,021003,SS,AMLN,16.76,16.441,1.9 021001,021003,SS,AG,23.21,23.72,-2.2 021002,021007,LR,AEPI,17.29,15.1,-12.7 021002,021007,LR,NTIQ,12.76,10.571,-17.2 021002,021004,SS,FRX,89.2,88.54,0.7 021002,021004,SS,N/A,0,0,0 021003,021008,LR,JKHY,8.99,9.14,1.6 021003,021008,LR,AYE,8.8,5,-43.2 021003,021007,SS,SRDX,34.18,30.118,11.8 021003,021007,SS,GETY,22.1,18.26,17.3 021004,021009,LR,ELX,8.35,8.25,-1.2 021004,021009,LR,ARW,10,9,-10.1 021004,021008,SS,FRX,91.85,92.12,-0.3 021004,021008,SS,TECH,34.76,30.96,10.9 021007,021010,LR,TXU,22.64,15.25,-32.7 021007,021010,LR,NDC,11.09,12.15,9.5 021007,021009,SS,BSX,35.6,35.43,0.4 021007,021009,SS,MMSI,21.34,23.53,-10.3 021008,021011,LR,TXU,17.18,18.45,7.3 021008,021011,LR,AEPI,9.71,11.46,18 021008,021010,SS,DL,22.15,21.38,3.4 021008,021010,SS,MMSI,21.74,21.72,0 021009,021014,LR,TXU,14.65,11.91,-18.8 021009,021014,LR,S,28.44,32.1,12.8 021009,021011,SS,MMSI,23.54,21.25,9.7 021009,021011,SS,N/A,0,0,0 021010,021015,BS,JBLU,31,34.55,11.4 021010,021015,BS,CERS,12.25,13.7,11.8 021010,021014,SS,OVER,25.31,28.1,-11.1 021010,021014,SS,HLYW,18.06,19,-5.3 021011,021016,BS,SGR,10.6,13.16,24.1 021011,021016,BS,A,10.9,11.6,6.4 021011,021015,SS,RNR,41.45,42.93,-3.6 021011,021015,SS,OVER,27.56,29.82,-8.3 021014,021017,LR,MRVL,11.51,15.25,32.4 021014,021017,LR,KIND,14.25,13.64,-4.3 021014,021016,SS,JCOM,24.5,25.69,-4.9 021014,021016,SS,RNR,42.02,42.93,-2.2 021015,021018,LR,IDE,12.6,12.1,-4 021015,021018,LR,TXU,12,11.05,-8 021015,021017,SS,GENZ,25.84,28.36,-9.8 021015,021017,SS,JCOM,26.5,26.79,-1.1 021016,021021,LR,TXU,10.88,11.39,4.6 021016,021021,LR,CUB,13.8,14,1.4 021016,021018,SS,QCOM,34.01,36.2,-6.5 021016,021018,SS,N/A,0,0,0 021017,021022,LR,KIND,13.1,12.55,-4.2 021017,021022,LR,PEG,21.76,24.49,12.5 021017,------,SS,N/A,0,0,0 021017,------,SS,N/A,0,0,0 021018,021023,BS,OMG,32.25,30.8,-4.5 021018,021023,BS,CTB,12.65,13.56,7.1 021018,021022,SS,GENZ,27.95,28.4301,-1.8 021018,021022,SS,N/A,0,0,0 021021,021024,BS,OMG,30.95,32,3.3 021021,021024,BS,ADRX,13.19,13.17,-0.2 021021,------,SS,N/A,0,0,0 021021,------,SS,N/A,0,0,0 021022,021025,BS,BYD,13.57,13.8,1.6 021022,021025,BS,LH,21.76,22,1.1 021022,------,SS,N/A,0,0,0 021022,------,SS,N/A,0,0,0 021023,021028,BS,BYD,13.04,13.5,3.5 021023,021028,BS,PCTY,10.33,10.81,4.6 021023,------,SS,N/A,0,0,0 021023,------,SS,N/A,0,0,0 021024,021029,BS,ALXN,9.69,10.06,3.8 021024,021029,BS,ISLE,12.05,12.11,0.4 021024,------,SS,N/A,0,0,0 021024,------,SS,N/A,0,0,0 021025,021030,BS,SLGN,18.45,18.93,2.6 021025,021030,BS,SIE,13.38,12.96,-3.2 021025,021029,SS,TMPW,15.55,15.3,1.6 021025,021029,SS,ACTL,14.65,15.36,-4.9 021028,021031,LR,GR,15.45,15.45,0 021028,021031,LR,PQE,21.43,18.81,-12.3 021028,021030,SS,TMPW,17.55,15.349,12.5 021028,021030,SS,N/A,0,0,0 021029,021101,BS,THC,39.25,29.51,-24.9 021029,021101,BS,PQE,20.37,18.5,-9.2 021029,021031,SS,ESPD,14.05,14.56,-3.7 021029,021031,SS,N/A,0,0,0 021030,021104,BS,PQE,18.81,18.9,0.4 021030,021104,BS,AMMD,13.389,14.9,11.2 021030,021101,SS,LF,27.95,27,3.3 021030,021101,SS,WBSN,19,20.869,-9.9 021031,021105,LR,THC,28.75,25.6,-11 021031,021105,LR,BYD,11.06,12.62,14.1 021031,021104,SS,POWI,17.92,18.8,-5 021031,021104,SS,ESPD,14.76,14.64,0.8 021101,021106,BS,THC,26.5,25,-5.7 021101,021106,BS,DRI,18.6,18.95,1.8 021101,021105,SS,NXTL,11.17,12.54,-12.3 021101,021105,SS,N/A,0,0,0 021104,021107,LR,NOVN,10.49,11.05,5.3 021104,021107,LR,OCAS,12.17,11.76,-3.4 021104,021106,SS,MENT,11.05,11.711,-6 021104,021106,SS,NXTL,12.94,12.89,0.3 021105,021108,LR,CVH,29.78,31.23,4.8 021105,021108,LR,HSIC,46.43,48.75,4.9 021105,021107,SS,KRON,39.44,38.82,1.5 021105,021107,SS,MENT,11.18,11.5,-2.9 021106,021111,BS,USPI,16.771,15.86,-5.5 021106,021111,BS,JLL,15.16,14.45,-4.7 021106,021108,SS,STM,22.44,20.01,10.8 021106,021108,SS,AVID,17.81,17,4.5 021107,021112,BS,WEN,28.11,27,-4 021107,021112,BS,AOS,20.93,21.21,1.3 021107,021111,SS,ARTI,16.48,15.21,7.7 021107,021111,SS,ACAI,16.7,15.26,8.6 021108,021113,LR,SCOR,18.37,20.75,12.9 021108,021113,LR,HRB,32.1,31,-3.5 021108,021112,SS,IDCC,15.09,14.19,5.9 021108,021112,SS,LCI,16.4,15.78,3.7 021111,021114,LR,MIK,29.42,30.4,3.3 021111,021114,LR,HCA,36.94,41.5,12.3 021111,021113,SS,KOSP,19.33,21.32,-10.3 021111,021113,SS,RIMM,16.47,14,14.9 021112,021115,BS,CYH,20.05,21.16,5.5 021112,021115,BS,UHS,43.7,45.16,3.3 021112,------,SS,N/A,0,0,0 021112,------,SS,N/A,0,0,0 021113,021118,BS,JCOM,20.95,26,24.1 021113,021118,BS,HRB,30.74,33.37,8.5 021113,021115,SS,FFIV,11.489,13.13,-14.3 021113,021115,SS,N/A,0,0,0 021114,021119,BS,MIK,29.89,32.22,7.7 021114,021119,BS,OII,23.1,23.35,1 021114,021118,SS,FFIV,12.92,12.66,2 021114,021118,SS,KOSP,21.75,23.4,-7.6 021115,021120,BS,SIE,10.45,9.9,-5.3 021115,021120,BS,LMT,50.35,51.05,1.3 021115,021119,SS,GNTA,10.56,10.14,3.9 021115,021119,SS,FFIV,12.94,12.27,5.1 021118,021121,BS,HYDL,20.98,20.79,-1 021118,021121,BS,SIE,9.98,10.5,5.2 021118,021120,SS,VXGN,19.76,16.63,15.8 021118,021120,SS,KOSP,24.11,21.23,11.9 021119,021122,LR,ABC,59,57.7,-2.3 021119,021122,LR,INVN,27.69,28.49,2.8 021119,021121,SS,PHHM,17.93,19.05,-6.3 021119,021121,SS,VXGN,19.94,17.9,10.2 021120,021125,BS,SCHS,19.85,19.8,-0.3 021120,021125,BS,DP,37.63,36.65,-2.7 021120,021122,SS,ALO,12.1,12.97,-7.2 021120,021122,SS,T,27.21,27.97,-2.8 021121,021126,BS,HGR,12.49,12.97,-7.7 021121,021126,BS,EPIQ,14.249,15.19,6.6 021121,021125,SS,SWKS,10.731,11.52,-7.4 021121,021125,SS,ATMI,23.26,15.19,6.1 021122,021127,LR,JBLU,33.01,35.35,7 021122,021127,LR,FDP,22.1,22.55,2 021122,021126,SS,OVTI,15.86,18.28,-15.3 021122,021126,SS,A,18.25,18.7,-2.5 021125,021129,LR,NSC,0,20,-15.8 021125,021129,LR,FHCC,0,23.94,-3 021125,021127,SS,OVTI,16.49,18.349,-11.3 021125,021127,SS,FTE,15.99,16.25,-1.7 021126,021202,BS,IDPH,32.84,33.31,1.4 021126,021202,BS,MMSI,18.62,19.2,3.1 021126,021129,SS,ALOY,14.64,11.87,18.9 021126,021129,SS,OVTI,18.34,17.889,2.4 021127,021203,BS,STN,17.1,17.15,0.2 021127,021203,BS,WAG,28.69,28.64,-0.2 021127,021202,SS,GCO,21.15,20.62,2.5 021127,021202,SS,CBST,10.4,9.98,4 021129,021204,BS,RESP,29.06,30.44,4.7 021129,021204,BS,UN,58.15,58.4,0.4 021129,021203,SS,ZRAN,22,22.16,-0.8 021129,021203,SS,IDCC,19.24,17.26,10.2 021202,021205,BS,DNA,0,33.6,-1.3 021202,021205,BS,HDWR,15.3,14.43,-5.7 021202,021204,SS,VRNT,19.42,19.77,-1.9 021202,021204,SS,NAV,31.05,27.9,10.1 021203,021206,BS,HDWR,13.94,13.6,-2.5 021203,021206,BS,INVN,25,24.9,-0.5 021203,021205,SS,DKS,22.76,21.7,4.6 021203,021205,SS,OSTK,14.78,15,-1.5 021204,021209,BS,HDWR,0,14.4,4.1 021204,021209,BS,DRS,29.95,30.43,1.6 021204,021206,SS,OSTK,15.39,14.3,7 021204,021206,SS,FLWS,10.82,9.83,9.1 021205,021210,BS,MHO,24.5,25.1,2.4 021205,021210,BS,EXAS,10.14,9.99,-1.5 021205,021209,SS,VRNT,20.2,16.75,17 021205,021209,SS,LAVA,12.85,11.46,10.8 021206,021211,BS,JILL,16.02,14.25,-11.1 021206,021211,BS,RGIS,24.99,24.3,-2.8 021206,021210,SS,FTE,20.19,19.62,2.8 021206,021210,SS,CTXS,12.72,12.52,1.5 021209,021212,LR,WVCM,13.997,15.13,8 021209,021212,LR,JILL,14.95,14.75,-1.4 021209,------,SS,N/A,0,0,0 021209,------,SS,N/A,0,0,0 021210,021213,BS,MOLXA,20.93,20.29,-3.1 021210,021213,BS,NET,16.25,15.55,-4.4 021210,------,SS,N/A,0,0,0 021210,------,SS,N/A,0,0,0 021211,021216,BS,IFIN,27.4,27.35,-0.2 021211,021216,BS,MOLXA,20.49,20,-2.4 021211,------,SS,N/A,0,0,0 021211,------,SS,N/A,0,0,0 021212,021217,BS,MOLXA,20.361,20.42,0.2 021212,021217,BS,IFIN,27.65,27.6,-0.2 021212,021216,SS,CUB,19.65,19.11,2.7 021212,021216,SS,NFLX,12.68,12.79,-0.9 021213,021218,LR,CKFR,14.96,16.19,8.2 021213,021218,LR,AZO,68.51,71.9,4.9 021213,021217,SS,LMLP,12.95,13.6,-5.1 021213,021217,SS,CNX,16.05,16.62,-3.6 021216,021219,BS,ABI,17.55,18.05,2.8 021216,021219,BS,PLXS,10.01,9,-10.1 021216,021218,SS,ACI,22.61,21.11,6.6 021216,021218,SS,CNX,17.7,16.3,7.9 021217,021220,BS,SHRP,16.18,15.65,-3.3 021217,021220,BS,PLXS,9.64,8.5,-11.9 021217,021219,SS,GRP,12.25,11.15,8.9 021217,021219,SS,N/A,0,0,0 021218,021223,BS,AMSG,20.6,19.37,-6 021218,021223,BS,IBC,14.89,14.8,-0.7 021218,021220,SS,OVER,30.48,28.15,7.6 021218,021220,SS,NTES,10.95,12.08,-10.4 021219,021224,LR,GME,9.32,9.1,-2.4 021219,021224,LR,ELBO,16.9,16.1,-4.8 021219,021223,SS,SSCC,15.03,15.32,-2 021219,021223,SS,N/A,0,0,0 021220,021226,BS,SANG,10.51,11.14,5.9 021220,021226,BS,ELBO,16.29,15.98,-2 021220,021224,SS,UBB,12.3,11.19,9 021220,021224,SS,TK,41.66,41.37,0.6 021223,021227,LR,ARO,9.99,10.1,1.1 021223,021227,LR,VMI,17.95,20.3,13 021223,021226,SS,AVID,22,22.61,-2.8 021223,021226,SS,UBB,12.2,10.81,11.3 021224,021230,BS,ULTE,9.48,9.94,4.8 021224,021230,BS,MOVI,12.39,12.52,1 021224,021227,SS,CURE,18.01,16.931,5.9 021224,021227,SS,PB,20.65,20.69,-0.2 021226,021231,BS,ABT,36.65,37.1,1.2 021226,021231,BS,ELBO,15.5,14.91,-3.9 021226,021230,SS,NCEN,27.13,26,4.1 021226,021230,SS,N/A,0,0,0 021227,030102,BS,ROOM,53.17,55.11,3.6 021227,030102,BS,SCHL,34.81,36.06,3.5 021227,021231,SS,RGLD,25.48,24.921,2.1 021227,021231,SS,STJ,40.11,39.72,0.9 021230,030103,BS,MOVI,12.49,13.78,10.3 021230,030103,BS,ROOM,55.18,56.5,2.3 021230,030102,SS,FBC,21.85,22.2,-1.7 021230,030102,SS,RGLD,26.09,24.78,5 021231,030106,BS,GYMB,15.86,16.12,1.6 021231,030106,BS,ITMN,25.51,25.8,1.1 021231,030103,SS,FTO,17.4,17.14,1.4 021231,030103,SS,FBC,21.83,22,-0.8 Average return per trade for the Basic Strategy (BS) = 0.3 % Risk/return ratio for the Basic Strategy = 26.7 Average return per trade for the Low Risk Strategy (LR) = -0.7 % Risk/return ratio for the Low Risk Strategy = -12.2 Average return per trade for the Sell Short Strategy (SS) = 1.2 % Risk/return ratio for the Sell Short Strategy = 4.4 Average return per trade for the Combined Strategy = 0.5*(BS+SS) = 0.8 % Real results for the Sell Short Strategy can be different because of the Uptick Rule