The Deen's List(TM)
A service of Deen Capital Management, Inc. (www.deencapital.com)
Vol.1 #59           Monday November 17 2003           3:50pm ET

Please read carefully our disclaimers at the end of this newsletter.

Market stance: BULLISH (since Oct 3 2003)

******************************* Contents *******************************

Sold APCC
Sold IPMT
Sold OVTI

****************************** Sold APCC *******************************

American Power Conversn (APCC)

Net sell price in managed accounts(*).... $20.69
Date(s) bought........................... Nov 4 2003
Net buy price in managed accounts(*)..... $21.04
Holding period........................... 1.9 weeks
Gain/loss in managed accounts............ -1.6% (after commissions)

(*) The net buy (sell) price is the total net cost (proceeds) after
commissions for all managed accounts divided by the total number of
shares.

I sold three stocks today for basically the same reasons:

+ To take some chips off the table, as I am close to turning bearish.
We have an incipient correction underway; the NASDAQ has lost ground
for six of the past seven sessions.  Heavy selling last Friday in
semiconductor stocks hints at a possible top in the tech sector.  I'm
still bullish, but the market's action last week and today is decidedly
negative.

+ To keep losses small -- one of my cardinal rules since 2002.

****************************** Sold IPMT *******************************

Ipayment (IPMT)

Net sell price in managed accounts(*).... $25.59
Date(s) bought........................... Nov 12 2003
Net buy price in managed accounts(*)..... $27.85
Holding period........................... 0.7 weeks
Gain/loss in managed accounts............ -8.1% (after commissions)

(*) The net buy (sell) price is the total net cost (proceeds) after
commissions for all managed accounts divided by the total number of
shares.

I sold three stocks today for basically the same reasons:

+ To take some chips off the table, as I am close to turning bearish.
We have an incipient correction underway; the NASDAQ has lost ground
for six of the past seven sessions.  Heavy selling last Friday in
semiconductor stocks hints at a possible top in the tech sector.  I'm
still bullish, but the market's action last week and today is decidedly
negative.

+ To keep losses small -- one of my cardinal rules since 2002.

****************************** Sold OVTI *******************************

Omnivision Technologies (OVTI)

Net sell price in managed accounts(*).... $52.90
Date(s) bought........................... Nov 10 2003
Net buy price in managed accounts(*)..... $56.72
Holding period........................... 1.0 weeks
Gain/loss in managed accounts............ -6.7% (after commissions)

(*) The net buy (sell) price is the total net cost (proceeds) after
commissions for all managed accounts divided by the total number of
shares.

I sold three stocks today for basically the same reasons:

+ To take some chips off the table, as I am close to turning bearish.
We have an incipient correction underway; the NASDAQ has lost ground
for six of the past seven sessions.  Heavy selling last Friday in
semiconductor stocks hints at a possible top in the tech sector.  I'm
still bullish, but the market's action last week and today is decidedly
negative.

+ To keep losses small -- one of my cardinal rules since 2002.

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************************ 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.