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