| The Deen's ListTM |
| A service of Deen Capital Management, Inc. (www.deencapital.com) |
| Vol.3 #239 |
Saturday, September 24, 2005 |
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 September 23, 2005 |
| Deen Capital | -2.0% | * |
| S&P 500 | +0.3% |
* 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: BEARISH (since September 23, 2005)
The market took a sharp turn for the worse last week. Deen Capital
accounts were down, though not quite as bad, in most cases, as the major
market averages.
First, the Fed sent shock waves through the market on Tuesday by
downplaying the effects of Hurricane Katrina. It appears there will be
not even a pause in their march toward higher interest rates. Second, we
had a very significant fear factor regarding Hurricane Rita.
Two of my three technical indicators shifted from neutral to bearish last
week, and I turned bearish on Friday. My
Performance-of-Recent-Stock-Picks Index fell last week from +4.9 to -1.4
(scale -10 to +10). Anything below +3.1 is bearish. My other bearish
indicator is the percentage of stocks trading above their 50-day moving
average, which fell last week from 54% to 40%. On Wednesday and Thursday,
it was 39%. These are the lowest readings since mid-May.
I did some selling last week, so that the volatility of our accounts is
now on a par with the S&P 500. (One week ago, our accounts were about 1.5
times as volatile as the S&P.) I may choose to reduce our risk profile
further as next week unfolds, due to deteriorating market conditions.
Now, on Saturday afternoon, we know that damage from Rita will be far
less than our worst fears. This may trigger a relief rally early next
week. But I won't trust it until if and when my three technical
indicators return to an overall bullish condition.
-KD, September 24, 2005
Open Positions
| Company Name |
Stock
Symbol |
Buy
Date |
NetBuy
Price* |
Current
Price |
Weeks
Held |
Gain
(Loss) |
| Comtech Telecomm. Corp. | CMTL | 09/22/05 | $40.73 | $39.16 | 0.1 | -3.9% |
| Ventiv Health Inc. | VTIV | 09/20/05 | $26.44 | $25.02 | 0.4 | -5.4% |
| Petrohawk Energy Corp. | HAWK | 09/19/05 | $13.65 | $13.50 | 0.6 | -1.1% |
| Powerwave Technologies, Inc. | PWAV | 09/15/05 | $12.33 | $12.50 | 1.1 | +1.3% |
| Biovail Corp. | BVF | 09/09/05 | $22.24 | $22.35 | 2.0 | +0.5% |
| PetMed Express Inc. | PETS | 09/01/05 | $10.47 | $10.88 | 3.1 | +3.9% |
| Tiffany & Co. | TIF | 08/31/05 | $37.40 | $37.60 | 3.3 | +0.5% |
| Tidewater Inc. | TDW | 08/31/05 | $45.05 | $44.19 | 3.3 | -1.9% |
| NVIDIA Corp. | NVDA | 08/30/05 | $30.01 | $32.71 | 3.4 | +9.0% |
| Getty Images Inc. | GYI | 07/27/05 | $79.78 | $84.26 | 8.3 | +5.6% |
| Amgen Inc. | AMGN | 07/21/05 | $80.00 | $83.29 | 9.1 | +4.1% |
| The Sportsman's Guide, Inc. | SGDE | 07/19/05 | $21.42 | $26.19 | 9.4 | +22.3% | | Average | 3.7 | +2.9% |
* 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) |
| Hologic Inc. | HOLX | 07/27/05 | $43.79 | 09/21/05 | $50.48 | 8.0 | +15.3% |
| ZYGO Corp. | ZIGO | 08/26/05 | $12.48 | 09/21/05 | $13.90 | 3.7 | +11.4% |
| Neoware Systems Inc. | NWRE | 09/02/05 | $13.14 | 09/21/05 | $15.08 | 2.7 | +14.8% |
| Psychiatric Solutions Inc. | PSYS | 09/06/05 | $49.51 | 09/21/05 | $51.43 | 2.1 | +3.9% |
| SFBC International Inc. | SFCC | 09/09/05 | $44.48 | 09/21/05 | $42.52 | 1.7 | -4.4% |
| NetEase.com Inc. | NTES | 08/04/05 | $74.35 | 09/20/05 | $79.08 | 6.7 | +6.4% |
| Martin Marietta Materials | MLM | 09/06/05 | $73.08 | 09/20/05 | $69.99 | 2.0 | -4.2% |
| Seacor Holdings Inc. | CKH | 08/10/05 | $70.36 | 09/16/05 | $66.99 | 5.3 | -4.8% |
| Genzyme Corp. | GENZ | 07/14/05 | $65.45 | 08/25/05 | $68.53 | 6.0 | +4.7% |
| Forward Industries Inc. | FORD | 07/25/05 | $23.66 | 08/24/05 | $23.84 | 4.3 | +0.8% |
| Lufkin Industries Inc. | LUFK | 07/11/05 | $41.45 | 08/17/05 | $43.12 | 5.3 | +4.0% |
| Headwaters Inc. | HW | 08/12/05 | $43.05 | 08/17/05 | $39.00 | 0.7 | -9.4% |
| Pioneer Natural Resources Co | PXD | 08/15/05 | $45.25 | 08/17/05 | $43.41 | 0.3 | -4.1% |
| Cascade Corp. | CAE | 06/16/05 | $42.82 | 08/11/05 | $41.81 | 8.0 | -2.4% |
| LKQ Corp. | LKQX | 05/17/05 | $22.66 | 08/10/05 | $27.91 | 12.1 | +23.1% |
| Best Buy Co. Inc. | BBY | 06/14/05 | $44.28 | 08/10/05 | $49.22 | 8.1 | +11.2% |
| Resources Connection, Inc. | RECN | 07/13/05 | $29.61 | 08/10/05 | $28.71 | 4.0 | -3.0% |
| SI International | SINT | 07/26/05 | $31.44 | 08/10/05 | $30.31 | 2.1 | -3.6% |
| Click Commerce Inc. | CKCM | 05/06/05 | $15.30 | 08/09/05 | $19.07 | 13.6 | +24.6% |
| Aldila Inc. | ALDA | 08/02/05 | $27.00 | 08/09/05 | $25.55 | 1.0 | -5.4% |
| Pharmaceutical Prod Dev | PPDI | 07/14/05 | $57.93 | 08/08/05 | $55.55 | 3.6 | -4.1% |
| Robert Half International | RHI | 07/25/05 | $33.82 | 08/08/05 | $32.62 | 2.0 | -3.5% |
| Genesis Microchip Inc. | GNSS | 07/25/05 | $25.30 | 08/08/05 | $24.02 | 2.0 | -5.1% |
| Jabil Circuit Inc. | JBL | 06/28/05 | $31.30 | 08/05/05 | $30.45 | 5.4 | -2.7% |
| American Home Mtg Inv Corp | AHM | 07/19/05 | $38.40 | 08/05/05 | $35.72 | 2.4 | -7.0% |
| MicroStrategy Inc. | MSTR | 07/29/05 | $79.11 | 08/05/05 | $74.31 | 1.0 | -6.1% |
| Quality Systems Inc. | QSII | 07/08/05 | $52.32 | 08/03/05 | $62.52 | 3.7 | +19.5% |
| Stanley Works | SWK | 07/19/05 | $50.78 | 08/01/05 | $48.48 | 1.9 | -4.5% |
| Grey Wolf Inc. | GW | 06/17/05 | $7.40 | 07/27/05 | $7.57 | 5.7 | +2.3% |
| Empire Resources | ERS | 06/29/05 | $9.96 | 07/22/05 | $11.19 | 3.3 | +12.4% |
| Epicor Software Corp. | EPIC | 07/20/05 | $15.99 | 07/22/05 | $14.61 | 0.3 | -8.6% |
| Superior Energy Svcs Inc. | SPN | 07/06/05 | $19.34 | 07/19/05 | $18.82 | 1.9 | -2.7% |
| Guess? Inc. | GES | 07/08/05 | $19.61 | 07/15/05 | $19.30 | 1.0 | -1.6% |
| Ctrip.com International | CTRP | 07/05/05 | $55.08 | 07/13/05 | $50.73 | 1.1 | -7.9% |
| Forward Industries Inc. | FORD | 04/21/05 | $15.43 | 06/27/05 | $17.28 | 9.6 | +11.9% |
| Per-Se Technologies Inc. | PSTI | 05/05/05 | $17.77 | 06/27/05 | $19.60 | 7.6 | +10.3% |
| NetEase.com Inc. | NTES | 06/16/05 | $58.98 | 06/27/05 | $56.58 | 1.6 | -4.1% | | Average | 4.1 | +2.1% |
* 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.
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Privacy Policy
Your personal information, including your e-mail address, will be held
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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 © 2005 Deen Capital Management, Inc.
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