The Deen's List Vol.4 #196

The Deen's List^TM

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

Vol.4 #196 Tuesday, September 26, 2006 3:31PM ET

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

Market Stance: BULLISH (since July 28, 2006)

Contents

Year-To-Date Performance
Sold Merix Corp. (MERX) -24.9% (after commissions)
Open Positions
Subscription Information
Privacy Policy
Disclaimers
Contact Us

Year-To-Date Performance

Year-To-Date as of September 25, 2006
Deen Capital	+15.3%	*
S&P 500	+7.6%

* 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 Merix Corp. (MERX) -24.9% (after commissions)

Net sell price in managed accounts* $10.41

Date(s) bought Sep 21 2006

Net buy price in managed accounts* $13.87

Holding period 0.7 weeks

Gain/loss in managed accounts -24.9% (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 am selling MERX today because it is down some 25% today on extremely heavy volume, in the wake of news that the company is reducing its first-quarter earnings outlook, and that its first-quarter earnings report will be delayed until early October.

Ouch!

-KD, September 26, 2006

Open Positions

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

Ultra Clean Holdings, Inc. UCTT 09/20/06 $11.09 $10.59 0.9 -4.5%

Park Electrochemical Corp. PKE 09/20/06 $31.18 $32.49 0.9 +4.2%

II-VI Inc. IIVI 09/15/06 $25.03 $25.43 1.6 +1.6%

First Marblehead Corp. FMD 09/15/06 $60.21 $65.86 1.6 +9.4%

Diodes Inc. DIOD 09/14/06 $43.92 $44.36 1.7 +1.0%

Psychiatric Solutions, Inc. PSYS 09/12/06 $35.60 $34.61 2.0 -2.8%

U.S. Global Investors, Inc. GROW 09/07/06 $27.84 $27.92 2.7 +0.3%

Macrovision Corp. MVSN 08/18/06 $23.14 $24.19 5.6 +4.5%

Watson Wyatt & Co. Holdings WW 08/10/06 $35.03 $40.98 6.7 +17.0%

Wellcare Group WCG 08/03/06 $51.71 $57.95 7.7 +12.1%

PeopleSupport, Inc. PSPT 08/01/06 $14.94 $18.39 8.0 +23.1%

IDEXX Laboratories, Inc. IDXX 07/28/06 $86.56 $92.60 8.6 +7.0%
Average 4.0 +6.1%

* 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