The Deen's List Vol.2 #301

The Deen's List^TM

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

Vol.2 #301 Thursday, December 16, 2004 4:04PM ET

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

Market Stance: BULLISH (since December 15, 2004)

Contents

Year-To-Date Performance
Sold KongZhong Corp. (KONG)
Sold PC Mall, Inc. (MALL)
Open Positions
Subscription Information
Privacy Policy
Disclaimers

Year-To-Date Performance

Year-To-Date as of December 15, 2004
Deen Capital	+4.0%	*
S&P 500	+8.4%

* 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.

Sold KongZhong Corp. (KONG)

Net sell price in managed accounts* $9.23

Date(s) bought Dec 14 2004

Net buy price in managed accounts* $10.00

Holding period 0.3 weeks

Gain/loss in managed accounts -7.6% (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 KONG in the final hour today because it seemed likely to close below my hard stop-loss price of $9.50.

-KD, December 16, 2004

Sold PC Mall, Inc. (MALL)

Net sell price in managed accounts* $20.54

Date(s) bought Dec 15 2004

Net buy price in managed accounts* $21.59

Holding period 0.1 weeks

Gain/loss in managed accounts -4.8% (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 MALL in the final hour today because it seemed likely to close below my hard stop-loss price of $20.82.

-KD, December 16, 2004

Open Positions

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

Sirenza Microdevices SMDI 12/16/04 $5.91 $5.77 0.0 -2.3%

Olympic Steel Inc. ZEUS 12/15/04 $23.95 $25.23 0.1 +5.3%

IXYS Corp. SYXI 12/15/04 $10.15 $10.29 0.1 +1.4%

Standard Pacific Corp. SPF 12/14/04 $61.78 $63.62 0.3 +3.0%

Rofin-Sinar Tech Inc. RSTI 12/13/04 $38.28 $38.78 0.4 +1.3%

palmOne, Inc. PLMO 12/13/04 $43.91 $42.30 0.4 -3.7%
Average 0.2 +0.8%

* 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.

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.

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