The Deen's List(TM) A service of Deen Capital Management, Inc. (www.deencapital.com) Vol.1 #78 Wednesday December 10 2003 3:20pm ET Please read carefully our disclaimers at the end of this newsletter. Market stance: BULLISH (since Oct 3 2003) ******************************* Contents ******************************* Sold DAKT Sold CYD Sold FWHT Sold KSWS Sold MATK Sold TRMB ********************* Sold Daktronics Inc. (DAKT) ********************** Net sell price in managed accounts(*).... $19.84 Date(s) bought........................... Nov 24 2003 Net buy price in managed accounts(*)..... $18.41 Holding period........................... 2.3 weeks Gain/loss in managed accounts............ +7.8% (after commissions) (*) The net sell price is the total net proceeds after commissions for all managed accounts divided by the total number of shares. We are clearly experiencing a worsening correction; a correction which is hitting market-leading growth stocks the hardest. I have been reducing our exposure to stocks since last week. I am dramatically stepping up the pace of that process today, with a flurry of selling. I am not quite ready to go bearish and 100% cash, but I am much closer to doing so now that I was just a few days ago. ************** Sold China Yuchai International Ltd. (CYD) ************** Net sell price in managed accounts(*).... $28.49 Date(s) bought........................... Nov 24 2003 Net buy price in managed accounts(*)..... $28.15 Holding period........................... 2.3 weeks Gain/loss in managed accounts............ +1.2% (after commissions) (*) The net sell price is the total net proceeds after commissions for all managed accounts divided by the total number of shares. We are clearly experiencing a worsening correction; a correction which is hitting market-leading growth stocks the hardest. I have been reducing our exposure to stocks since last week. I am dramatically stepping up the pace of that process today, with a flurry of selling. I am not quite ready to go bearish and 100% cash, but I am much closer to doing so now that I was just a few days ago. *********************** Sold Findwhat.Com (FWHT) *********************** Net sell price in managed accounts(*).... $16.44 Date(s) bought........................... Dec 4 2003 Net buy price in managed accounts(*)..... $17.54 Holding period........................... 0.9 weeks Gain/loss in managed accounts............ -6.3% (after commissions) (*) The net sell price is the total net proceeds after commissions for all managed accounts divided by the total number of shares. We are clearly experiencing a worsening correction; a correction which is hitting market-leading growth stocks the hardest. I have been reducing our exposure to stocks since last week. I am dramatically stepping up the pace of that process today, with a flurry of selling. I am not quite ready to go bearish and 100% cash, but I am much closer to doing so now that I was just a few days ago. ******************** Sold K-Swiss Inc. Cl A (KSWS) ********************* Net sell price in managed accounts(*).... $46.26 Date(s) bought........................... Oct 23 2003 Net buy price in managed accounts(*)..... $42.84 Holding period........................... 6.9 weeks Gain/loss in managed accounts............ +8.0% (after commissions) (*) The net sell price is the total net proceeds after commissions for all managed accounts divided by the total number of shares. We are clearly experiencing a worsening correction; a correction which is hitting market-leading growth stocks the hardest. I have been reducing our exposure to stocks since last week. I am dramatically stepping up the pace of that process today, with a flurry of selling. I am not quite ready to go bearish and 100% cash, but I am much closer to doing so now that I was just a few days ago. ***************** Sold Martek Biosciences Corp. (MATK) ***************** Net sell price in managed accounts(*).... $57.91 Date(s) bought........................... Nov 13 2003 Net buy price in managed accounts(*)..... $54.87 Holding period........................... 3.9 weeks Gain/loss in managed accounts............ +5.5% (after commissions) (*) The net sell price is the total net proceeds after commissions for all managed accounts divided by the total number of shares. We are clearly experiencing a worsening correction; a correction which is hitting market-leading growth stocks the hardest. I have been reducing our exposure to stocks since last week. I am dramatically stepping up the pace of that process today, with a flurry of selling. I am not quite ready to go bearish and 100% cash, but I am much closer to doing so now that I was just a few days ago. ***************** Sold Trimble Navigation Ltd. (TRMB) ****************** Net sell price in managed accounts(*).... $29.39 Date(s) bought........................... Oct 29 2003 Net buy price in managed accounts(*)..... $27.84 Holding period........................... 6.0 weeks Gain/loss in managed accounts............ +5.6% (after commissions) (*) The net sell price is the total net proceeds after commissions for all managed accounts divided by the total number of shares. We are clearly experiencing a worsening correction; a correction which is hitting market-leading growth stocks the hardest. I have been reducing our exposure to stocks since last week. I am dramatically stepping up the pace of that process today, with a flurry of selling. I am not quite ready to go bearish and 100% cash, but I am much closer to doing so now that I was just a few days ago. *********************** 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.