Please read carefully our disclaimers at the end of this newsletter. Market Stance: BEARISH (since December 7, 2004)Contents
Year-To-Date Performance
* 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. Sold Monarch Casino & Resort (MCRI)
* 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 MCRI today for two reasons: 1) my view that the stock market may have put in an important top on Monday (at least there is substantial risk that this is so); and 2) I have a sell signal on this stock from my StockSell Program (Ver.13s). This signal is based purely on technical analysis. -KD, December 9, 2004 Sold China Yuchai Int'l Ltd. (CYD)
* 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 CYD today for two reasons: 1) my view that the stock market may have put in an important top on Monday (at least there is substantial risk that this is so); and 2) this stock this morning is trading below my "hard stop loss" price of $16.57. -KD, December 9, 2004 Sold NCI Building Systems Inc. (NCS)
* 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 CYD today for two reasons: 1) my view that the stock market may have put in an important top on Monday (at least there is substantial risk that this is so); and 2) a negative market reaction to earnings news. The earnings news, which came out last night, beat estimates on both the top and bottom lines, but their guidance was below expectations. The negative market reaction is reason enough for me to sell. -KD, December 9, 2004
* 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. 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 "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. 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. 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 Copyright © 2004 Deen Capital Management, Inc. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||