The Deen's List(TM) A service of Deen Capital Management, Inc. (www.deencapital.com) Vol.1 #49 Sunday November 9 2003 Please read carefully our disclaimers at the end of this newsletter. Market stance: BULLISH (since Oct 3 2003) ******************** Weekly Status Report: Contents ******************** Market Commentary Table of Open Positions Table of Positions Closed Last Week Subscription Information Privacy Policy IMPORTANT DISCLAIMERS *************** Weekly Status Report: Market Commentary **************** It was another very good week, with my IRA, at +3.1%, far outperforming the Dow and the S&P. I see no compelling reason to turn bearish at this time. True, valuations may be getting high, but valuation is a poor predictor of the market's direction. The reasons for staying bullish are much more compelling, in my view: + My two primary indicators (my NASDAQ Timing Model and my Performance-of- Recent-Stock-Picks Index) are both solidly bullish. The latter now stands at +9.0 (on a scale of -10 to +10), up from +7.5 a week ago. + Market internals are strong. My count of stocks over $8 trading above their 50-day moving average (a good measure of market internals) now stands at 77%, up from 72% a week ago and 60% two weeks ago. + We're still in the sweet spot where good news for the economy is good news for stocks (it becomes bad news for stocks when investors start worrying about inflation and higher interest rates -- we're not there yet). And we're getting plenty of good economic news. Even the jobs picture is showing some long-awaited signs of improvement, as evidenced by Friday's jobs report. The unemployment rate edged down slightly, and 126,000 new jobs were added in October. As always, however, my take on the market's direction is subject to change without notice, as I re-evaluate market conditions on a daily basis. -KD ***************** Weekly Status Report: Open Positions ***************** Stock Buy NetBuy Current Holding Gain Symbol Date Price* Price Period (Loss) ----- -------- ------ ------- --------- ------ ADEX 10/20/03 $20.79 $24.79 2.6 weeks +19.3% AMKR 10/28/03 $18.08 $19.48 1.4 weeks +7.8% APCC 11/04/03 $21.04 $22.26 0.4 weeks +5.8% BSX 10/15/03 $32.38 $34.55 3.3 weeks +6.7% DIOD 11/04/03 $25.46 $28.50 0.4 weeks +11.9% DITC 10/30/03 $11.11 $12.52 1.1 weeks +12.7% EENC 10/27/03 $17.99 $19.00 1.6 weeks +5.6% FRX 10/27/03 $50.66 $49.50 1.6 weeks -2.3% HDWR 10/27/03 $17.36 $19.09 1.6 weeks +10.0% JDAS 10/21/03 $21.30 $21.48 2.4 weeks +0.8% KSWS 10/23/03 $42.84 $42.55 2.1 weeks -0.7% MNC 10/21/03 $22.69 $24.37 2.4 weeks +7.4% PLCE 10/09/03 $24.10 $31.04 4.1 weeks +28.8% PRAA 11/04/03 $26.28 $29.79 0.4 weeks +13.3% RSTI 11/06/03 $30.22 $28.81 0.1 weeks -4.7% THER 10/23/03 $16.88 $17.70 2.1 weeks +4.9% TRMB 10/29/03 $27.84 $29.50 1.3 weeks +6.0% TXN 10/21/03 $27.60 $30.92 2.4 weeks +12.0% *********** Weekly Status Report: Positions Closed Last Week *********** Stock Buy NetBuy Sell NetSell Holding Gain* Symbol Date Price* Date Price* Period (Loss) ----- -------- ------ -------- ------ --------- ------ COO 10/14/03 $42.01 11/04/03 $43.18 3.0 weeks +2.8% RE 10/21/03 $83.94 11/06/03 $82.52 2.3 weeks -1.7% * "Net" buy prices are the total net purchase cost after commissions for all managed accounts divided by the total number of shares. The Gain (Loss) is therefore also net after commissions. *********************** 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.