The Deen's List Vol.2 #296

The Deen's List^TM

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

Vol.2 #296 Wednesday, December 15, 2004 8:43AM ET

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

Contents

Market Timing Alert: BULLISH
Year-To-Date Performance
Open Positions
Subscription Information
Privacy Policy
Disclaimers

Market Timing Alert: BULLISH

A number of factors persuade me that that bearish signal from my NASDAQ Timing Model (Ver.10q) last Tuesday, December 7, was a false alarm:

+ That same NASDAQ Timing Model has now reversed itself. It gave a bullish signal yesterday at the close.

+ My Performance-of-Recent-Stock-Picks Index (PRSPI), after dipping briefly into "red light" territory, is now back into green light territory.

+ The NASDAQ Composite closed yesterday at a new multi-year high. That's a breakout, because that marks the first new high since January. Volume expanded yesterday also, providing further evidence to the hypothesis that the path of least resistance is up.

-KD, December 15, 2004

Year-To-Date Performance

Year-To-Date as of December 14, 2004
Deen Capital	+3.7%	*
S&P 500	+8.2%

* 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.

Open Positions

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

Standard Pacific Corp. SPF 12/14/04 $61.78 $61.77 0.1 -0.0%

KongZhong Corp. KONG 12/14/04 $10.00 $9.98 0.1 -0.2%

Rofin-Sinar Tech Inc. RSTI 12/13/04 $38.28 $39.39 0.3 +2.9%

palmOne, Inc. PLMO 12/13/04 $43.91 $44.60 0.3 +1.6%
Average 0.2 +1.1%

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

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.

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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