TRACK  RECORD  OF  HONG  KONG  HSI  MARKET  ALERTS
 
                                  Fourth   Quarter   2000           updated Jan 2, 2001
 
   Buy     Index    Sell     Index     Points     % Gain     Points        % Gain   Cumulat.
   Date    Value    Date     Value     Gained     for        Gained        for        Gain %
                                       for        Buying     for           Selling
                                       Buying                Selling
 
                 Bf last quarter :     27623      170.00                              170.00
 
 
                   Sept 26  15245                                36
                                                                            0.24      170.24
  Sept 27  15209   Oct 9    15955        746        4.90       1265                   175.14
                                                                            7.93      183.07
  Oct 13   14690   Oct 16   15097        407        2.77        777                   185.84
                                                                            5.15      190.99
  Oct 19   14320   Oct 24   15013        693        4.84       -147                   195.83
                                                                           -0.98      194.85
  Oct 31   15160   Nov 7    15660        500        3.30       -273                   198.15
                                                                           -1.74      196.40
  Nov 8    15933   Nov 8    15998         65        0.41       1117                   196.81
                                                                            6.98      203.79
  Nov 13   14881   Nov 15   15195        314        2.11         25                   205.90
                                                                            0.16      206.07
  Nov 16   15170   Nov 17   15140        -30       -0.20        650                   205.87
                                                                            4.29      210.16
  Nov 23   14490   Nov 27   14620        130        0.90         30                   211.06
                                                                            0.21      211.26
  Nov 28   14590   Nov 29   14358       -232       -1.59        208                   209.67
                                                                            1.45      211.12
  Dec 1    14150   Dec 6    15167       1017        7.19       -123                   218.31
                                                                           -0.81      217.50
  Dec 8    15290   Dec 12   15446        156        1.02        -84                   218.52
                                                                           -0.54      217.98
  Dec 13   15530   Dec 14   15545         15        0.10        525                   218.07
                                                                            3.38      221.45
  Dec 18   15020   Dec 20   14954        -66       -0.44        309                   221.01
                                                                            2.07      223.08
  Dec 21   14645   Dec 27   14911        266        1.82         81                   224.89
                                                                            0.54      225.44
  Dec 28   14830   Jan 2    15019        189        1.27                              226.71
 
 
                          Totals       31793      198.40       4396        28.31      226.71
 
 
                 Total Index Points Gained This Quarter :      8530 Points
                 Total % Gained This Quarter :                   56 %
 
                 Cumulative Index Points Gained This Year     36189 Points
                 Total % Gained This Year :                     227 %
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   238.57
 
                          Totals       32817      205.34       5147        33.23      238.57
 
 
                 Total Index Points Gained This Quarter :     10305 Points
                 Total % Gained This Quarter :                   68 %
 
                 Cumulative Index Points Gained This Year     37964 Points
                 Total % Gained This Year :                     239 %
 
                 Performance of last transaction when marked to market:
 
                 Total Index Points Gained :                    639 Points
                 Total % Gained :                               4.2 %