The Deen's ListTM
A service of Deen Capital Management, Inc. (www.deencapital.com)
Vol.4 #231	Thursday, November 2, 2006	10:07AM ET

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

  Contents

Year-To-Date Performance
Sold AZZ Inc. (AZZ) -5.9% (after commissions)
Sold EZCORP, Inc. (EZPW) -1.7% (after commissions)
Sold Illumina, Inc. (ILMN) -3.3% (after commissions)
Sold Ultra Clean Holdings, Inc. (UCTT) -2.7% (after commissions)
Open Positions
Subscription Information
Privacy Policy
Disclaimers
Contact Us

  Year-To-Date Performance

* 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 AZZ Inc. (AZZ) -5.9% (after commissions)

Net sell price in managed accounts*	$34.73
Date(s) bought	Sep 29 2006
Net buy price in managed accounts*	$36.93
Holding period	4.9 weeks
Gain/loss in managed accounts	-5.9% (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.

My indicators turned unanimously bearish at yesterday's close, and so I have changed my market stance from "bullish" to "bearish", and I am moving aggressively to reduce our risk profile. In other words, I am seeking the safety of cash, as the risk of an immediate and major market correction has risen substantially.

-KD, November 2, 2006

  Sold EZCORP, Inc. (EZPW) -1.7% (after commissions)

Net sell price in managed accounts*	$41.74
Date(s) bought	Oct 13 2006
Net buy price in managed accounts*	$42.47
Holding period	2.9 weeks
Gain/loss in managed accounts	-1.7% (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.

My indicators turned unanimously bearish at yesterday's close, and so I have changed my market stance from "bullish" to "bearish", and I am moving aggressively to reduce our risk profile. In other words, I am seeking the safety of cash, as the risk of an immediate and major market correction has risen substantially.

-KD, November 2, 2006

  Sold Illumina, Inc. (ILMN) -3.3% (after commissions)

Net sell price in managed accounts*	$42.09
Date(s) bought	Oct 18 2006
Net buy price in managed accounts*	$43.52
Holding period	2.1 weeks
Gain/loss in managed accounts	-3.3% (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.

My indicators turned unanimously bearish at yesterday's close, and so I have changed my market stance from "bullish" to "bearish", and I am moving aggressively to reduce our risk profile. In other words, I am seeking the safety of cash, as the risk of an immediate and major market correction has risen substantially.

-KD, November 2, 2006

  Sold Ultra Clean Holdings, Inc. (UCTT) -2.7% (after commissions)

Net sell price in managed accounts*	$12.55
Date(s) bought	Oct 24 2006
Net buy price in managed accounts*	$12.90
Holding period	1.3 weeks
Gain/loss in managed accounts	-2.7% (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.

My indicators turned unanimously bearish at yesterday's close, and so I have changed my market stance from "bullish" to "bearish", and I am moving aggressively to reduce our risk profile. In other words, I am seeking the safety of cash, as the risk of an immediate and major market correction has risen substantially.

-KD, November 2, 2006

  Open Positions

Company Name	Stock Symbol	Buy Date	NetBuy Price*	Current Price**	Weeks Held	Gain (Loss)
Comtech Group, Inc.	COGO	10/31/06	$16.71	$16.47	0.3	-1.4%
Buffalo Wild Wings, Inc.	BWLD	10/25/06	$49.99	$51.40	1.1	+2.8%
Apple Computer, Inc.	AAPL	10/25/06	$81.55	$78.58	1.1	-3.6%
Google Inc.	GOOG	10/20/06	$456.24	$467.44	1.9	+2.5%
Research in Motion	RIMM	10/05/06	$110.28	$116.30	4.0	+5.5%
Oracle Corp.	ORCL	10/04/06	$18.16	$18.29	4.1	+0.7%
Average					2.1	+1.1%

* 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.

  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 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.

  Contact Us

The Deen's List
PO Box 30925
Santa Barbara, CA 93130
(805) 682-1870
deenslist@deencapital.com

Copyright © 2006 Deen Capital Management, Inc.