| The Deen's ListTM |
| A service of Deen Capital Management, Inc. (www.deencapital.com) |
| Vol.2 #276 |
Saturday, November 27, 2004 |
Please read carefully our disclaimers at the end of this newsletter.
Weekly Status Report: Contents
Year-To-Date Performance
Market Commentary
Open Positions
Stocks Sold Over Past 13 Weeks
Subscription Information
Privacy Policy
Disclaimers
Year-To-Date Performance
Year-To-Date as of November 26, 2004 |
| Deen Capital | +4.4% | * |
| S&P 500 | +6.4% |
* 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.
Market Commentary
Market Stance: BULLISH (since August 18, 2004)
This was a spectacularly good week for Deen Capital clients. The average
managed account soared +5.9%, versus +0.6% for the Dow and +1.1% for the
S&P 500. Not bad for a three-and-a-half day week!
I started out the week doing some selling, as I was worried about a
market top (see last week's Market Commentary). I quickly changed my tune
and put that cash back to work, however, as my PRSPI, which began the
week in "yellow light" territory, quickly returned to "green light"
territory. That meant that my three primary technical indicators* were
unanimously bullish.
* My NASDAQ Timing Model, my Performance-of-Recent-Stock-Picks Index
(PRSPI), and the percentage of stocks trading above their 50-day moving
average.
I am still worried that an important market top may be just around the
corner. There are a number of reasons to think so. The one that concerns
me the most is the one I outlined last week in this space. Namely, that
worldwide demand for U.S. Treasury debt obligations may soon not keep
pace with the astronomically ballooning supply (a result of
out-of-control all-time-record spending by our federal government). When
that happens, interest rates will go up, and stocks will probably go
down. It could be ugly.
However, as a rule, I follow the signals of my technical indicators, not
my pet theories. And, at this time, those indicators are not only
unanimously bullish, but also they are confirmed by this huge one-week
jump in our account values.
As always, of course, I may change my market stance any day with no
advance notice, as I re-evaluate market conditions daily. If and when I
do, I will send out a Market Timing Alert to all Deen's ListTM
subscribers.
-KD, November 27, 2004
Open Positions
| Company Name |
Stock
Symbol |
Buy
Date |
NetBuy
Price* |
Current
Price |
Weeks
Held |
Gain
(Loss) |
| Diodes Inc. | DIOD | 11/26/04 | $24.77 | $25.00 | 0.0 | +0.9% |
| Sify Ltd. ADR | SIFY | 11/24/04 | $6.88 | $6.60 | 0.3 | -4.1% |
| Excel Maritime Carriers | EXM | 11/23/04 | $27.91 | $28.32 | 0.4 | +1.5% |
| Bluegreen Corp. | BXG | 11/23/04 | $14.64 | $16.23 | 0.4 | +10.9% |
| Innovative Solutions | ISSC | 11/18/04 | $29.02 | $32.01 | 1.1 | +10.3% |
| Infocrossing Inc. | IFOX | 11/17/04 | $15.05 | $16.70 | 1.3 | +10.9% |
| NCI Building Systems Inc. | NCS | 11/16/04 | $34.72 | $36.50 | 1.4 | +5.1% |
| Navarre Corp. | NAVR | 11/12/04 | $16.26 | $17.43 | 2.0 | +7.2% |
| Rofin-Sinar Tech Inc. | RSTI | 11/10/04 | $37.22 | $40.20 | 2.3 | +8.0% |
| Littelfuse Inc. | LFUS | 11/08/04 | $38.19 | $39.34 | 2.6 | +3.0% |
| NETGEAR, Inc. | NTGR | 11/03/04 | $13.68 | $16.29 | 3.3 | +19.0% |
| Nanometrics Inc. | NANO | 11/02/04 | $14.71 | $16.44 | 3.4 | +11.7% |
| MicroStrategy Inc. | MSTR | 10/27/04 | $63.30 | $65.00 | 4.3 | +2.7% |
| Monarch Casino & Resort | MCRI | 10/27/04 | $27.11 | $33.21 | 4.3 | +22.5% |
| LCA Vision Inc. | LCAV | 10/26/04 | $27.58 | $35.44 | 4.4 | +28.5% |
| Sigmatel Inc. | SGTL | 10/21/04 | $28.28 | $33.72 | 5.1 | +19.2% |
| M.D.C. Holdings Inc. | MDC | 10/12/04 | $72.28 | $77.51 | 6.4 | +7.2% |
| Charles River Assoc Inc. | CRAI | 09/30/04 | $38.19 | $43.18 | 8.1 | +13.1% |
| Digital River Inc. | DRIV | 09/13/04 | $27.42 | $42.52 | 10.6 | +55.1% | | Average | 3.3 | +12.2% |
* Net buy prices shown are the total net purchase cost after commissions for
all managed accounts divided by the total number of shares.
Stocks Sold Over Past 13 Weeks
| Company Name |
Stock
Symbol |
Buy
Date |
NetBuy
Price* |
Sell
Date |
NetSell
Price* |
Weeks
Held |
Gain
(Loss) |
| Quiksilver Inc. | ZQK | 09/13/04 | $25.73 | 11/22/04 | $28.62 | 10.0 | +11.2% |
| Diodes Inc. | DIOD | 10/01/04 | $27.19 | 11/22/04 | $26.32 | 7.4 | -3.2% |
| Diodes Inc. | DIOD | 10/19/04 | $25.65 | 11/22/04 | $26.32 | 4.9 | +2.6% |
| F5 Networks Inc. | FFIV | 10/27/04 | $40.08 | 11/22/04 | $39.90 | 3.7 | -0.4% |
| Amedisys Inc. | AMED | 09/15/04 | $28.84 | 11/17/04 | $31.63 | 9.0 | +9.7% |
| Dawson Geophysical Co. | DWSN | 09/29/04 | $20.70 | 11/17/04 | $21.13 | 7.0 | +2.1% |
| Amedisys Inc. | AMED | 10/21/04 | $31.28 | 11/17/04 | $31.63 | 3.9 | +1.1% |
| Ventiv Health Inc. | VTIV | 11/08/04 | $19.25 | 11/17/04 | $17.58 | 1.3 | -8.7% |
| Dawson Geophysical Co. | DWSN | 11/15/04 | $23.64 | 11/17/04 | $21.13 | 0.3 | -10.6% |
| Dawson Geophysical Co. | DWSN | 11/16/04 | $23.34 | 11/17/04 | $21.13 | 0.1 | -9.4% |
| InfoSpace Inc. | INSP | 08/20/04 | $37.69 | 11/16/04 | $49.59 | 12.6 | +31.6% |
| InfoSpace Inc. | INSP | 10/26/04 | $53.99 | 11/16/04 | $49.59 | 3.0 | -8.1% |
| MarketWatch Inc. | MKTW | 10/28/04 | $14.01 | 11/16/04 | $17.89 | 2.7 | +27.7% |
| MarketWatch Inc. | MKTW | 10/29/04 | $13.33 | 11/16/04 | $17.89 | 2.6 | +34.2% |
| Ctrip.com International | CTRP | 11/01/04 | $41.21 | 11/11/04 | $45.29 | 1.4 | +9.9% |
| Navarre Corp. | NAVR | 09/21/04 | $16.69 | 11/10/04 | $15.27 | 7.1 | -8.5% |
| Navarre Corp. | NAVR | 10/13/04 | $14.72 | 11/10/04 | $15.27 | 4.0 | +3.8% |
| Navarre Corp. | NAVR | 10/22/04 | $14.99 | 11/10/04 | $15.27 | 2.7 | +1.9% |
| Carpenter Technology Corp. | CRS | 10/26/04 | $48.51 | 11/05/04 | $50.78 | 1.4 | +4.7% |
| Ditech Communications Corp. | DITC | 08/25/04 | $22.51 | 11/04/04 | $15.07 | 10.1 | -33.0% |
| Ditech Communications Corp. | DITC | 10/21/04 | $26.66 | 11/04/04 | $15.07 | 2.0 | -43.5% |
| Ditech Communications Corp. | DITC | 11/03/04 | $22.75 | 11/04/04 | $15.07 | 0.1 | -33.7% |
| VSE Corp. | VSEC | 10/18/04 | $28.51 | 11/02/04 | $25.58 | 2.1 | -10.3% |
| Mannatech Inc. | MTEX | 10/21/04 | $16.40 | 11/02/04 | $16.63 | 1.7 | +1.4% |
| Hurco Companies Inc. | HURC | 10/12/04 | $15.30 | 11/01/04 | $13.05 | 2.9 | -14.7% |
| DHB Industries Inc. | DHB | 09/24/04 | $13.38 | 10/28/04 | $13.57 | 4.9 | +1.4% |
| Petroleum Development Corp. | PETD | 09/07/04 | $32.51 | 10/27/04 | $36.79 | 7.1 | +13.2% |
| Petroleum Development Corp. | PETD | 10/20/04 | $39.43 | 10/27/04 | $36.79 | 1.0 | -6.7% |
| Comtech Telecom Corp. | CMTL | 09/22/04 | $24.01 | 10/22/04 | $26.81 | 4.3 | +11.6% |
| Portfolio Recovery Assoc | PRAA | 10/05/04 | $32.56 | 10/22/04 | $31.97 | 2.4 | -1.8% |
| Rofin-Sinar Tech Inc. | RSTI | 08/24/04 | $28.28 | 10/21/04 | $30.08 | 8.3 | +6.4% |
| TASER International, Inc. | TASR | 10/19/04 | $40.36 | 10/20/04 | $40.27 | 0.1 | -0.2% |
| Universal American Fin'l | UHCO | 09/21/04 | $12.52 | 10/15/04 | $11.81 | 3.4 | -5.7% |
| J2 Global Communications | JCOM | 09/21/04 | $30.99 | 10/15/04 | $30.06 | 3.4 | -3.0% |
| Steel Technologies Inc. | STTX | 09/28/04 | $24.79 | 10/13/04 | $25.72 | 2.1 | +3.7% |
| Sandisk Corp. | SNDK | 09/10/04 | $25.20 | 10/11/04 | $28.86 | 4.4 | +14.5% |
| Sierra Wireless Inc. | SWIR | 09/09/04 | $18.69 | 10/07/04 | $17.83 | 4.0 | -4.6% |
| Sierra Wireless Inc. | SWIR | 09/16/04 | $18.23 | 10/07/04 | $17.83 | 3.0 | -2.2% |
| TRM Corp. | TRMM | 09/21/04 | $18.15 | 10/07/04 | $17.66 | 2.3 | -2.7% |
| ATI Technologies Inc. | ATYT | 10/07/04 | $18.07 | 10/07/04 | $17.00 | 0.0 | -5.9% |
| Niku Corp. | NIKU | 08/19/04 | $13.09 | 10/05/04 | $14.63 | 6.7 | +11.8% |
| Volt Info Sciences Inc. | VOL | 09/15/04 | $26.59 | 10/01/04 | $29.03 | 2.3 | +9.2% |
| ADE Corp. | ADEX | 08/25/04 | $17.86 | 09/27/04 | $17.09 | 4.7 | -4.3% |
| AudioCodes Ltd. | AUDC | 09/13/04 | $12.74 | 09/27/04 | $12.01 | 2.0 | -5.8% |
| Cree Inc. | CREE | 09/20/04 | $29.95 | 09/27/04 | $28.13 | 1.0 | -6.1% |
| Netflix Inc. | NFLX | 09/07/04 | $16.33 | 09/24/04 | $16.62 | 2.4 | +1.8% |
| eResearchTechnology Inc. | ERES | 09/14/04 | $17.87 | 09/22/04 | $18.36 | 1.1 | +2.7% |
| Kensey Nash Corp. | KNSY | 08/18/04 | $25.62 | 09/20/04 | $28.75 | 4.7 | +12.2% |
| Winnebago Industries Inc. | WGO | 09/02/04 | $32.90 | 09/20/04 | $34.55 | 2.6 | +5.0% |
| Connetics Corp. | CNCT | 09/02/04 | $26.19 | 09/20/04 | $26.20 | 2.6 | +0.0% |
| inTEST Corp. | INTT | 08/19/04 | $8.70 | 09/03/04 | $7.24 | 2.1 | -16.7% |
| United Therapeutics Corp. | UTHR | 08/03/04 | $27.85 | 08/31/04 | $29.28 | 4.0 | +5.1% |
| Tekelec | TKLC | 08/19/04 | $18.01 | 08/31/04 | $17.57 | 1.7 | -2.5% |
| Cohu Inc. | COHU | 08/23/04 | $18.79 | 08/31/04 | $15.45 | 1.1 | -17.8% |
| Ceradyne Inc. | CRDN | 08/25/04 | $38.92 | 08/31/04 | $38.09 | 0.9 | -2.1% |
| ZYGO Corp. | ZIGO | 08/26/04 | $10.90 | 08/30/04 | $10.10 | 0.6 | -7.4% |
* Net buy (sell) prices shown are the total net purchase cost (proceeds) after
commissions for all managed accounts divided by the total number of shares.
The Gain(Loss) is therefore net after commissions.
Subscription Information
Welcome to The Deen's ListTM, 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
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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 strict confidence by Deen Capital Management, Inc. We will not share it
with or sell it to others.
Disclaimers
All stocks discussed in The Deen's ListTM involve a high degree of
risk. It should not be assumed that any stock discussed in The Deen's ListTM 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 © 2004 Deen Capital Management, Inc.
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