The Deen's List(TM)
A service of Deen Capital Management, Inc. (www.deencapital.com)
Vol.1 #85           Monday December 15 2003           3:45pm ET

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

Market stance: BULLISH (since Dec 12 2003)

**************** Sold Authentidate Holding Corp. (ADAT) ****************

Net sell price in managed accounts(*).... $10.74
Date(s) bought........................... Dec 12 2003
Net buy price in managed accounts(*)..... $11.42
Holding period........................... 0.4 weeks
Gain/loss in managed accounts............ -6.0% (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 ADAT on Mon Dec 15 in order to Keep Losses Small.  The stock was
heading the wrong way right out of the starting gate, and I anticipated
a probable sell signal from my StockSell Program (Ver.12v).

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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
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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.