TRACK  RECORD  OF  HK HSI  MARKET  ALERTS
 
                                  3rd & 4th  Quarters   2001        updated Jan 1, 2002
 
   Buy     Index    Sell     Index     Points     % Gain     Points        % Gain   Cumulat.    Cumulative
   Date    Value    Date     Value     Gained     for        Gained        for        Gain % Investment Gain
                                       for        Buying     for           Selling
                                       Buying                Selling                          Investment sum
                                                                                              = US$10,000
                 Bf last quarter :     15049         109                              109.00       29157
 
 
                 June 29    13045                               -95                               29,157
                                                                           -0.73      108.27      28,945                                                                         -0.73
  July 3   13140   July 4   13127        -13       -0.10        -73                   108.17      28,916                                                                          -0.1
                                                                           -0.56      107.62      28,755                                                                         -0.56
  July 4   13200   July 5   13164        -36       -0.27        512                   107.34      28,677                                                                         -0.27
                                                                            3.89      111.23      29,792                                                                         3.889
  July 9   12652   July 16  12620        -32       -0.25        435                   110.98      29,717                                                                         -0.25
                                                                            3.45      114.43      30,741                                                                         3.447
  July 24  12185   Aug 3    12412        227        1.86        237                   116.29      31,314                                                                         1.863
                                                                            1.91      118.20      31,912                                                                         1.909
  Aug 6    12175   Aug 7    12155        -20       -0.16        197                   118.04      31,859                                                                         -0.16
                                                                            1.62      119.66      32,376                                                                         1.621
  Aug 8    11958   Aug 9    11895        -63       -0.53        155                   119.13      32,205                                                                         -0.53
                                                                            1.30      120.43      32,625                                                                         1.303
  Aug 10   11740   Aug 13   11610       -130       -1.11       -213                   119.33      32,263                                                                         -1.11
                                                                           -1.83      117.49      31,672                                                                         -1.83
  Aug 14   11823   Aug 16   12040        217        1.84        649                   119.33      32,253                                                                         1.835
                                                                            5.39      124.72      33,991                                                                          5.39
  Aug 20   11391   Aug 21   11375        -16       -0.14         95                   124.58      33,944                                                                         -0.14
                                                                            0.84      125.41      34,227                                                                         0.835
  Aug 22   11280   Aug 27   11280          0        0.00         30                   125.41      34,227                                                                             0
                                                                            0.27      125.68      34,318                                                                         0.266
  Aug 28   11250   Aug 29   11208        -42       -0.37         24                   125.30      34,190                                                                         -0.37
                                                                            0.21      125.52      34,263                                                                         0.214
  Aug 30   11184   Aug 31   11121        -63       -0.56         53                   124.95      34,070                                                                         -0.56
                                                                            0.48      125.43      34,233                                                                         0.477
  Sep 4    11068   Sep 5    11051        -17       -0.15        666                   125.28      34,180                                                                         -0.15
                                                                            6.03      131.30      36,240                                                                         6.027
  Sep 10   10385   Sep 12    9630       -755       -7.27        150                   124.03      33,605                                                                         -7.27
                                                                            1.56      125.59      34,129                                                                         1.558
  Sep 12    9480   Sep 14    9626        146        1.54        101                   127.13      34,654                                                                          1.54
                                                                            1.05      128.18      35,018                                                                         1.049
  Sep 18    9525   Sep 19    9500        -25       -0.26        600                   127.92      34,926                                                                         -0.26
                                                                            6.32      134.23      37,132                                                                         6.316
  Sep 24    8900   Sep 25    9205        305        3.43        -85                   137.66      38,404                                                                         3.427
                                                                           -0.92      136.74      38,050                                                                         -0.92
  Sep 26    9290   Oct 5    10268        978       10.53        138                   147.27      42,055                                                                         10.53
                                                                            1.34      148.61      42,621                                                                         1.344
  Oct 9    10130   Oct 10   10234        104        1.03        -70                   149.64      43,058                                                                         1.027
                                                                           -0.68      148.95      42,764                                                                         -0.68
  Oct 11   10304   Oct 11   10533        229        2.22        218                   151.17      43,714                                                                         2.222
                                                                            2.07      153.24      44,619                                                                          2.07
  Oct 17   10315   Oct 17   10286        -29       -0.28        406                   152.96      44,493                                                                         -0.28
                                                                            3.95      156.91      46,250                                                                         3.947
  Oct 19    9880   Oct 19    9845        -35       -0.35       -194                   156.56      46,086                                                                         -0.35
                                                                           -1.97      154.59      45,178                                                                         -1.97
  Oct 23   10039   Oct 26   10398        359        3.58        440                   158.16      46,793                                                                         3.576
                                                                            4.23      162.39      48,773                                                                         4.232
  Oct 30    9958   Oct 30   10063        105        1.05         -1                   163.45      49,288                                                                         1.054
                                                                           -0.01      163.44      49,283                                                                         -0.01
  Oct 31   10064   Nov 2    10113         49        0.49       -147                   163.92      49,523                                                                         0.487
                                                                           -1.45      162.47      48,803                                                                         -1.45
  Nov 5    10260   Nov 6    10447        187        1.82        167                   164.29      49,692                                                                         1.823
                                                                            1.60      165.89      50,487                                                                         1.599
  Nov 7    10280   Nov 12   10670        390        3.79        -10                   169.69      52,402                                                                         3.794
                                                                           -0.09      169.59      52,353                                                                         -0.09
  Nov 13   10680   Nov 16   11228        548        5.13        -92                   174.72      55,039                                                                         5.131
                                                                           -0.82      173.90      54,588                                                                         -0.82
  Nov 19   11320   Nov 19   11348         28        0.25         -2                   174.15      54,723                                                                         0.247
                                                                           -0.02      174.13      54,714                                                                         -0.02
  Nov 22   11350   Nov 26   11385         35        0.31        285                   174.44      54,882                                                                         0.308
                                                                            2.50      176.94      56,256                                                                         2.503
  Nov 29   11100   Nov 30   11331        231        2.08        201                   179.03      57,427                                                                         2.081
                                                                            1.77      180.80      58,446                                                                         1.774
  Dec 5    11130   Dec 6    11765        635        5.71         25                   186.51      61,780                                                                         5.705
                                                                            0.21      186.72      61,911                                                                         0.212
  Dec 12   11740   Dec 13   11738         -2       -0.02        237                   186.70      61,901                                                                         -0.02
                                                                            2.02      188.72      63,151                                                                         2.019
  Dec 17   11501   Dec 19   11562         61        0.53        347                   189.25      63,486                                                                          0.53
                                                                            3.00      192.25      65,391                                                                         3.001
  Dec 24   11215   Dec 31   11370        155        1.38                              193.63      66,295                                                                         1.382
 
                          Totals        3711      145.72       5386        47.91      193.63
 
 
                 Total Index Points Gained This Quarter :      9097 Points
                 Total % Gained This Quarter :                 84.6 %
 
                 Cumulative Index Points Gained This Year     24146 Points
                 Total % Gained This Year :                     194 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
                                                                         -1.12      192.81      65,717                                                                         -1.12
  Jan 7    11853   Jan 7    11903         50        0.42        753                   193.23      65,994                                                                         0.422
                                                                            6.33      199.56      70,169                                                                         6.326
  Jan 14   11150 Jan 14     11170         20        0.18        260                   199.74      70,294                                                                         0.179
                                                                            2.33      202.07      71,931                                                                         2.328
  Jan 17   10910   Jan 18   10989         79        0.72        -76                   202.79      72,452                                                                         0.724
                                                                           -0.69      202.10      71,950                                                                         -0.69
  Jan 21   11065                                                                      202.10      71,950
                                                                                      202.10      71,950
 
 
                          Totals        4054      148.74       6034        53.35      202.10
                                                                                                                                                                                     0
 
                 Total Index Points Gained This Quarter :     10088 Points
                 Total % Gained This Quarter :                 93.1 %
 
                 Cumulative Index Points Gained This Year     25137 Points
                 Total % Gained This Year :                     202 %
 
                 Performance of last transaction when marked to market:
 
                 Total Index Points Gained :                    -27 Points
                 Total % Gained :                              -0.2 %                             71,775                                                                         -0.24