The Deen's List Vol.2 #267

The Deen's List^TM

A service of Deen Capital Management, Inc. (www.deencapital.com)

Vol.2 #267 Tuesday, November 16, 2004 4:00PM ET

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

Market Stance: BULLISH (since August 18, 2004)

Contents

Year-To-Date Performance
Bought Dawson Geophysical Co. (DWSN)
Sold InfoSpace Inc. (INSP)
Open Positions
Subscription Information
Privacy Policy
Disclaimers

Year-To-Date Performance

Year-To-Date as of November 15, 2004
Deen Capital	+3.6%	*
S&P 500	+6.5%

* An average of managed accounts, net after commissions and fees. Individual account results may vary. See also www.deencapital.com/perform.htm. For information on managed accounts, see www.deencapital.com/mgdaccts.htm.

Bought Dawson Geophysical Co. (DWSN)

Net buy price in managed accounts* $23.34

Most recent close (Nov 15) $23.41

Net change (based on net buy price) -$0.07

Today's volume as of 3:44pm ET 309,016 ($7.2 million)

Average daily volume 256,900 ($6.0 million)

This year's earnings-per-share $1.88 (est)

Next year's earnings-per-share $2.00 (est)

P/E using next year's earnings 11.7 (est)

Earnings growth rate, next 5 years 25.0% per year (est)

Web site http://www.dawson3d.com

* The "Net buy price" is the total net purchase cost after commissions for all managed accounts divided by the total number of shares.

Today, Tuesday, November 16, 2004, I again bought DWSN, first for client accounts, then for my personal accounts. Yesterday, I also bought DWSN, but only a small position for only a few accounts, due to the very limited amount of cash available yesterday. Today, because of the selling I have done, I am now able to establish a normal position in all managed accounts in this stock.

Today's buy price is a few pennies less than yesterday's. Please refer to yesterday's article regarding why I like DWSN.

-KD, November 16, 2004

Sold InfoSpace Inc. (INSP)

Net sell price in managed accounts* $49.59

Date(s) bought Oct 26 2004

Net buy price in managed accounts* $53.99

Holding period 3.0 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 this stock during the final half-hour, when I saw that it was likely to close below my hard stop-loss price of $50.56.

File this under "Keep Losses Small".

-KD, November 16, 2004

Open Positions

Company Name Stock
Symbol Buy
Date NetBuy
Price* Current
Price** Weeks
Held Gain
(Loss)

NCI Building Systems Inc. NCS 11/16/04 $34.72 $34.50 0.0 -0.6%

Dawson Geophysical Co. DWSN 11/16/04 $23.34 $23.25 0.0 -0.4%

Dawson Geophysical Co. DWSN 11/15/04 $23.64 $23.25 0.1 -1.6%

Navarre Corp. NAVR 11/12/04 $16.26 $17.66 0.6 +8.6%

Rofin-Sinar Tech Inc. RSTI 11/10/04 $37.22 $37.28 0.9 +0.2%

Ventiv Health Inc. VTIV 11/08/04 $19.25 $18.92 1.1 -1.7%

Littelfuse Inc. LFUS 11/08/04 $38.19 $38.89 1.1 +1.8%

NETGEAR, Inc. NTGR 11/03/04 $13.68 $15.90 1.9 +16.2%

Nanometrics Inc. NANO 11/02/04 $14.71 $16.43 2.0 +11.7%

MarketWatch Inc. MKTW 10/29/04 $13.33 $17.96 2.6 +34.7%

MicroStrategy Inc. MSTR 10/27/04 $63.30 $65.65 2.9 +3.7%

Monarch Casino & Resort MCRI 10/27/04 $27.11 $37.89 2.9 +39.8%

F5 Networks Inc. FFIV 10/27/04 $40.08 $44.13 2.9 +10.1%

LCA Vision Inc. LCAV 10/26/04 $27.58 $32.02 3.0 +16.1%

Sigmatel Inc. SGTL 10/21/04 $28.28 $30.26 3.7 +7.0%

Amedisys Inc. AMED 10/21/04 $31.28 $32.05 3.7 +2.5%

Diodes Inc. DIOD 10/19/04 $25.65 $27.18 4.0 +6.0%

M.D.C Holdings Inc. MDC 10/12/04 $72.28 $78.00 5.0 +7.9%

Charles River Assoc Inc. CRAI 09/30/04 $38.19 $40.95 6.7 +7.2%

Quiksilver Inc. ZQK 09/13/04 $25.73 $28.37 9.1 +10.3%

Digital River Inc. DRIV 09/13/04 $27.42 $38.32 9.1 +39.7%
Average 3.0 +10.4%

* Net buy prices shown are the total net purchase cost after commissions for all managed accounts divided by the total number of shares.

** Current prices are at least 20 minutes old.

Subscription Information

Welcome to The Deen's List^TM, an 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.

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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