The Deen's List(TM)
A service of Deen Capital Management, Inc. (www.deencapital.com)
Vol.1 #63           Thursday November 20 2003           3:00pm ET

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

Market stance: BULLISH (since Oct 3 2003)

****************************** Sold RSTI *******************************

Rofin-Sinar Tech Inc (RSTI)

Net sell price in managed accounts(*).... $30.31
Date(s) bought........................... Nov 6 2003
Net buy price in managed accounts(*)..... $30.22
Holding period........................... 2.0 weeks
Gain/loss in managed accounts............ +0.3% (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.

The market is at a key inflection point here as the NASDAQ hovers
around its 50-day moving average.  I continue to lighten up, and I
continue to be on the verge of turning bearish.  However, so far, this
market dip is not any different or worse than the dips of May, June,
July, August, September, and October of this year.  Those earlier
dips, in retrospect, were buying opportunities.  I may well buy this
dip, too -- once I see evidence that it's over.

In the case of RSTI, I have a sell signal from my StockSell Program
(Ver 12v).  (This signal is based purely on technical considerations.
This Program works on end-of-day price data only; that is, a sell signal
on a given day can only be known once the closing price is known.)

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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
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************************************************************************

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.