The Deen's List Vol.3 #234

The Deen's List^TM

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

Vol.3 #234 Tuesday, September 20, 2005 3:40PM ET

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

Market Stance: BULLISH (since September 6, 2005)

Contents

Year-To-Date Performance
Sold Martin Marietta Materials (MLM)
Sold NetEase.com Inc. (NTES)
Open Positions
Subscription Information
Privacy Policy
Disclaimers

Year-To-Date Performance

Year-To-Date as of September 19, 2005
Deen Capital	+0.4%	*
S&P 500	+1.6%

* 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 Martin Marietta Materials (MLM)

Net sell price in managed accounts* $69.99

Date(s) bought Sep 6 2005

Net buy price in managed accounts* $73.09

Holding period 2.0 weeks

Gain/loss in managed accounts -4.2% (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.

Last Wednesday, the stock closed below my hard stop-loss price, which I had set at $70.78. Today, it is threatening to do so a second time. The first time was reason enough to sell.

-KD, September 20, 2005

Sold NetEase.com Inc. (NTES)

Net sell price in managed accounts* $79.08

Date(s) bought Aug 4 2005

Net buy price in managed accounts* $74.37

Holding period 6.7 weeks

Gain/loss in managed accounts +6.3% (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.

This stock was trading in all-time high territory this morning (the high so far today is $87.58), but then the stock took a very sharp turn for the worse on heavy volume. This is a bearish development. It looks suspiciously like a top. I chose to lock in our gain before any more of it evaporates.

-KD, September 20, 2005

Open Positions

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

Ventiv Health Inc. VTIV 09/20/05 $26.44 $26.33 0.0 -0.4%

Petrohawk Energy Corp. HAWK 09/19/05 $13.65 $13.66 0.1 +0.1%

Powerwave Technologies, Inc. PWAV 09/15/05 $12.33 $12.33 0.7 -0.0%

SFBC International Inc. SFCC 09/09/05 $44.48 $44.48 1.6 -0.0%

Biovail Corp. BVF 09/09/05 $22.24 $22.52 1.6 +1.3%

Psychiatric Solutions Inc. PSYS 09/06/05 $49.51 $53.51 2.0 +8.1%

Neoware Systems Inc. NWRE 09/02/05 $13.14 $15.63 2.6 +18.9%

PetMed Express Inc. PETS 09/01/05 $10.47 $11.20 2.7 +7.0%

Tiffany & Co. TIF 08/31/05 $37.40 $36.77 2.9 -1.7%

Tidewater Inc. TDW 08/31/05 $45.05 $45.63 2.9 +1.3%

NVIDIA Corp. NVDA 08/30/05 $30.01 $33.40 3.0 +11.3%

ZYGO Corp. ZIGO 08/26/05 $12.48 $13.60 3.6 +9.0%

Hologic Inc. HOLX 07/27/05 $43.79 $51.40 7.9 +17.4%

Getty Images Inc. GYI 07/27/05 $79.78 $83.57 7.9 +4.7%

Amgen Inc. AMGN 07/21/05 $80.00 $84.86 8.7 +6.1%

The Sportsman's Guide, Inc. SGDE 07/19/05 $21.42 $26.80 9.0 +25.1%
Average 3.6 +6.8%

* 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.

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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