The Deen's List(TM) A service of Deen Capital Management, Inc. (www.deencapital.com) Vol.1 #37 Sunday October 26 2003 Please read carefully our disclaimers at the end of this newsletter. Market stance: BULLISH (since Oct 3 2003) *************** Weekly Status Report: Market Commentary **************** It was a mild down week, both for the major market averages and for Deen Capital accounts. (My IRA gave back 1.6%.) As was the case last week, I am on the threshold of turning bearish. My NASDAQ Timing Model is still bullish, but my my Performance-of-Recent-Stock- Picks Index slipped again just slightly (from +2.9 to +2.7), and market internals are deteriorating. The percentage of stocks trading above their 50-day moving average (by my count of stocks over $8) has fallen for two weeks in a row now, from 78% to 75% to 60%. On the other hand: + The intermediate- to long-term trend of the market is still clearly up. + The Dow's action on Friday was encouraging, and just may signal the end of this recent slide. We had a bullish intraday reversal on very heavy volume. In fact, the Dow's volume set a 4-month record -- a good sign. We are clearly experiencing a (so far minor) correction, and yet our stocks are holding up surprisingly well. I attempt to distinguish between minor corrections and major corrections. I want to ride out the former because there is a cost associated with getting in and out of the market. With a minor correction, the cost often outweighs the benefit. So far, this looks like a minor correction. And perhaps Friday marks the end of it. However, I need to see the market's seven-month uptrend re-assert itself very soon. I'm still on the threshold of turning bearish. -KD **************************** Open Positions **************************** Stock Buy NetBuy Current Holding Gain Symbol Date Price* Price Period (Loss) ----- -------- ------ ------ --------- ------ ADEX 10/20/03 $20.79 $22.10 0.6 weeks +6.3% APH 10/15/03 $58.55 $57.95 1.3 weeks -1.0% BSX 10/15/03 $64.75 $64.57 1.3 weeks -0.3% COO 10/14/03 $42.01 $40.76 1.4 weeks -3.0% JDAS 10/21/03 $21.30 $20.50 0.4 weeks -3.8% KSWS 10/23/03 $42.84 $43.60 0.1 weeks +1.8% MNC 10/21/03 $22.69 $22.99 0.4 weeks +1.3% PLCE 10/09/03 $24.10 $28.07 2.1 weeks +16.5% RE 10/21/03 $83.94 $83.05 0.4 weeks -1.1% THER 10/23/03 $16.88 $16.68 0.1 weeks -1.2% TXN 10/21/03 $27.60 $27.45 0.4 weeks -0.6% ********************** Positions Closed Last Week ********************** Stock Buy NetBuy Sell NetSell Holding Gain* Symbol Date Price* Date Price* Period (Loss) ----- -------- ------ -------- ------ --------- ------ AGE 10/07/03 $38.74 10/24/03 $38.76 2.4 weeks +0.1% EENC 10/21/03 $19.09 10/24/03 $17.30 0.4 weeks -9.4% MOVI 10/08/03 $21.97 10/23/03 $20.52 2.1 weeks -6.6% NXTL 10/03/03 $20.73 10/23/03 $21.87 2.9 weeks +5.5% QLGC 10/16/03 $54.23 10/23/03 $51.98 1.0 weeks -4.2% TSA 10/13/03 $37.74 10/23/03 $35.88 1.4 weeks -4.9% *********************** Subscription Information *********************** Welcome to The Deen's List(TM), a new e-mail stock newsletter from Deen Capital Management, Inc. My intention is to inform you as quickly as is practical regarding my stock market moves. When I buy or sell a stock, first I take care of client accounts, then I buy/sell for my personal account(s), and then, third, I send out this newsletter. Your feedback is welcome. Send e-mail to deenslist@deencapital.com. To subscribe or unsubscribe, include the word "subscribe" or "unsubscribe" in the Subject line. This newsletter is free to managed account clients. For a limited time, it is also free to all interested parties. **************************** Privacy Policy **************************** Your personal information, including your e-mail address, will be held in confidence by Deen Capital Management, Inc. We will not share it with or sell it to others. ************************ IMPORTANT DISCLAIMERS ************************* * All stocks discussed in The Deen's List(TM) involve a high degree of risk. It should not be assumed that any stock discussed in The Deen's List(TM) or purchased by Deen Capital Management, Inc. will be profitable. * Past performance is not necessarily indicative of future results. * The information contained herein has been compiled from sources deemed to be reliable; however, we are not responsible for its accuracy or completeness. ************************************************************************ Ken Deen Deen Capital Management, Inc. PO Box 30925 Santa Barbara, CA 93130 (805) 682-1870 deenslist@deencapital.com Copyright (C) 2003 Deen Capital Management, Inc.