| The Deen's ListTM |
| A service of Deen Capital Management, Inc. (www.deencapital.com) |
| Vol.3 #248 |
Saturday, October 8, 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 October 7, 2005 |
| Deen Capital | -3.3% | * |
| S&P 500 | -1.3% |
* 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 October 7, 2005)
Last week saw a significant market break, apparently driven by slowing
demand for petroleum and hawkish comments from an FOMC member. On
Thursday, the Dow, S&P 500, and NASDAQ all broke below short-term
technical support, closing at 3-month lows. Friday saw only a trivial
bounce.
Two of my three technical indicators shifted from bullish to bearish last
week. And when I say bearish, I mean very bearish. My
Performance-of-Recent-Stock-Picks Index plummeted from +5.7 all the way
down to -4.2 (scale -10 to +10). The percentage of stocks trading above
their 50-day moving average is now 35%, down from 49% a week ago. This,
and Thursday's 32%, are the lowest readings of this metric since May.
My indicators are flip-flopping more than usual, but there was nothing
indecisive about last week's action. Volume was heavy, and the downward
price moves were significant.
Managed accounts are now mostly in cash, and less volatile than the S&P.
Next week, third quarter earnings season begins in earnest, and we will
get to see for the first time how Katrina and $3 gas have affected
corporate earnings. This will be interesting.
-KD, October 8, 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 | $41.33 | 2.1 | +1.5% |
| Ventiv Health Inc. | VTIV | 09/20/05 | $26.44 | $25.52 | 2.4 | -3.5% |
| Powerwave Technologies, Inc. | PWAV | 09/15/05 | $12.33 | $12.04 | 3.1 | -2.4% |
| Biovail Corp. | BVF | 09/09/05 | $22.24 | $23.26 | 4.0 | +4.6% |
| Tiffany & Co. | TIF | 08/31/05 | $37.40 | $39.48 | 5.3 | +5.6% |
| NVIDIA Corp. | NVDA | 08/30/05 | $30.01 | $33.06 | 5.4 | +10.2% |
| The Sportsman's Guide, Inc. | SGDE | 07/19/05 | $21.42 | $26.44 | 11.4 | +23.4% | | Average | 4.8 | +5.6% |
* 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) |
| Getty Images Inc. | GYI | 07/27/05 | $79.78 | 10/06/05 | $80.09 | 10.1 | +0.4% |
| Tidewater Inc. | TDW | 08/31/05 | $45.05 | 10/06/05 | $44.93 | 5.1 | -0.3% |
| PetMed Express Inc. | PETS | 09/01/05 | $10.47 | 10/06/05 | $10.57 | 5.0 | +0.9% |
| Petrohawk Energy Corp. | HAWK | 09/19/05 | $13.65 | 10/06/05 | $12.48 | 2.4 | -8.6% |
| Unit Corp. | UNT | 09/29/05 | $56.00 | 10/06/05 | $48.61 | 1.0 | -13.2% |
| Quanex Corp. | NX | 09/29/05 | $65.64 | 10/06/05 | $60.21 | 1.0 | -8.3% |
| Amgen Inc. | AMGN | 07/21/05 | $80.00 | 10/05/05 | $78.93 | 10.9 | -1.3% |
| 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% | | Average | 4.1 | +0.7% |
* 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
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 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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