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Technology Stocks : Research Frontiers (REFR)

REFR 1.750

-5.9%

Nov 4 3:56 PM EST

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From: N. Dixon

6/28/2018 5:15:33 PM

Read Replies (1) of 50037

NASDAQ 100 Index: Annual Returns

Year

Percent

Year

Percent

Year

Percent

Year

Percent

1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983

17.3
-30.5
-35.6
32.1
26.1
7.3
12.3
28.1
33.9
-3.2
18.7
19.9

1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995

-11.3
7.1
6.9
10.5
13.5
26.2
-10.4
65.0
8.9
10.6
1.5
42.5

1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007

42.5
20.6
85.3
102.0
-36.8
-32.7
-37.6
49.1
10.4
1.5
6.8
18.7

2008
2009
2010
2011
2012
2013
2014
2015
2016

-41.9
53.5
19.2
2.7
16.8
35.0
17.9
8.4
5.9

The annual gain or loss in the NASDAQ 100 index from 1972 to present.
Dividends are not included.

Notice the difference in returns from 1998-1999 to 2000-2001. Then the crash in 2008, with a rebound in 2009.

REFR at $0.80 would only have to rise to $1.60 to replicate the 1999 average gain and surpass ALL the gains since 1972.

ND

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